Thursday, August 24, 2023

7 Dividend Stocks to Ride Out 2023’s Unpredictable Second Half

By virtue of providing payouts to shareholders, companies must have profits to draw from. This framework implies that such enterprises enjoy established, predictable businesses. Moving forward, this predictability may be worth a significant premium. Thus, it’s important to strategize dividend investment opportunities now before the wave moves in. Plus, with the latest interest rate hike, the fear that the Fed might fail in its efforts to facilitate gentle disinflation still rings uncomfortably loudly. Given this circumstance, investors should consider the below reliable dividend stocks to buy.

Be ready for anything with these safe dividend stocks for 2023: Agnico-Eagle Mines (AEM): Agnico-Eagle Mines provides a safe-haven alternative. Nutrien (NTR): Nutrien should benefit from a rising global demand profile. Mercer (MERC): Mercer’s timber business could blossom on housing demand. Founded in 1899, Sonoco Products (NYSE:SON) is a U.S.-based international provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services. On the surface level, Exxon Mobil (NYSE:XOM) might not seem like a natural candidate for safe dividend stocks for 2023. Dialing up the risk factor for safe dividend stocks for 2023, Ternium (NYSE:TX) is a manufacturer of flat and long steel products. Perhaps the riskiest idea on this list of safe dividend stocks for 2023, British American Tobacco (NYSE:BTI) might seem a tad too much.

Source: InvestorPlace

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