2 Dividend Aristocrats That Can Anchor Your Portfolio Even During the Coronavirus Pandemic
Finding a safe dividend stock in the COVID-19 era can be challenging. Businesses that looked like safe investments pre-pandemic could now be in jeopardy and at risk of going under, and that means cutting or suspending dividend payments may become unavoidable for many of them. But there are still companies out there that are in good shape, are able to adapt to the pandemic, and could still be great investments today.
Below are two Dividend Aristocrats that are safe income-producing investments that can be pillars for your portfolio for many years. With strong and adaptable businesses, above-average yields, and impressive track records for increasing their payouts over the years, it's hard not to love these two dividend stocks.
Walgreens (NASDAQ: WBA) is a top pharmacy retailer with nearly 19,000 stores and a presence in 25 countries. It sells pharmaceutical drugs in addition to a wide range of retail products in-store and on its website. Through its delivery options, the company has offered its customers who are sheltering at home a lifeline, and Walgreens continues to look for ways to assist people during COVID-19. On July 16, the Illinois-based company announced it was partnering with food delivery company DoorDash. Together, the companies will be able to provide customers with on-demand delivery in select cities. By focusing more on delivery services, the company puts itself in a great position to meet the needs of its customers, many of whom may be looking to minimize the number of shopping trips they make.
Source Fool.com