3 Remarkable Dividend Kings That Were Down in 2023 But Could Rebound in 2024
Each year, Wall Street becomes enamored with different market themes. In 2022, stable, dividend-paying companies were a beacon of safety amid a widespread downturn in the major indexes. Last year, mega-cap growth stocks, especially big tech, led to market exuberance and an outperforming year for the Nasdaq Composite.
It's too early to tell what 2024 will bring. But Coca-Cola (NYSE: KO), Procter Gamble (NYSE: PG), and (NYSE: TGT) all lost value last year despite the S 500's gain of 24%. However, all three companies are Dividend Kings, having paid and raised their dividends for over 50 consecutive years.
Investors looking for safe, out-of-favor stocks have come to the right place. Here's why each stock is worth buying no matter what happens in the broader market.
Source Fool.com