The stock market has had a great run in 2023. But investors that regularly contribute savings to their accounts may be thinking that now is a good time to deploy new capital toward safer investments.

One option worth considering is Dividend Kings, meaning companies that have paid and raised their dividends for at least 50 years. Dividend Kings have long endured market cycles. So if you're worried about a correction in the stock market or you're simply on the prowl for lower-risk options, Dividend Kings make a lot of sense.

Two Dividend Kings that stand out are Illinois Tool Works (NYSE: ITW) and Stanley Black Decker (NYSE: SWK). Meanwhile, Leggett Platt (NYSE: LEG) is a lesser-known high-yield dividend stock that's worth a look. 

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Source Fool.com