3 High-Conviction Dividend Stocks to Buy for 2023
There's a fine line between conviction grounded in fundamentals and unsupported hope that a stock will recover just because you want it to. Holding on through periods of volatility is simply the price of admission for compounding your wealth over time in the stock market. The issue is that many investors either sell stocks at bargain prices during bear markets or are too hesitant to continue putting new savings to work when the market keeps falling.
Establishing conviction is different for everyone. But it's certainly easier to be confident when a business is established and has a track record for overcoming past downturns. Air Products and Chemicals (NYSE: APD), United Parcel Service (NYSE: UPS), and nVent Electric (NYSE: NVT) are well-known businesses and trusted brands. Here's what makes each dividend stock a great buy now.
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Source Fool.com
