Dividend Stocks to Buy for Income and Stability in 2024

Want to generate extra income without working extra hours? Dividend stocks allow many investors to fulfill that goal. These stocks often give out dividends every quarter that you can reinvest or use to cover various expenses. Most corporations distributing dividends to their investors hike their dividend payouts each year. However, some dividend stocks are better than others. Choosing the wrong stocks can result in net losses despite high cash flow. It’s also possible to end up with stocks that do not provide enough income to cover your expenses.

Investors looking to build up their dividend portfolios may want to consider these stocks: Procter & Gamble (PG): The firm offers many essential products that will help the company maintain its streak of 133 consecutive years of dividend payments. Stag Industrial (STAG): A vast portfolio of warehouses and storage facilities makes the stock enticing. NextEra Energy (NEE): The clean energy utility can recover in 2024.

Source: InvestorPlace

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