2 Beaten-Down Dividend Aristocrats That Are No-Brainer Buys for 2023
In a year where many stocks have been dragged down by the bear market, companies that pay dividends can be especially appealing. Assuming each company has the financial fortitude to continue to pay its dividend through rough times, these businesses can help weather the storms of the stock market.
One place to start this search is the list of Dividend Aristocrats. These are companies that have increased their dividends each year for at least 25 consecutive years. While nothing is guaranteed, this list is a great starting point to find strong businesses that are likely to be reliable dividend payers -- and growers -- for years to come.
After having their share prices beaten down in 2022, Target (NYSE: TGT) and Walgreens Boots Alliance (NASDAQ: WBA) are positioned to have better times ahead, and are now available at attractive discounts.
Source Fool.com
