3 Top Dividend Stocks to Buy Right Now
Are you looking for a way to add stability to your portfolio amid the COVID-19 pandemic? Dividend stocks can help you do that, as they provide investors with recurring cash flow and can pad your overall returns (or offset losses). Companies that pay dividends are normally past their high-growth stages, and that's why they often make for more stable investments.
While not all dividend stocks are safe buys amid the unprecedented market conditions, the three listed below remain strong investments for the long term. They provide investors with above-average dividend yields, and their businesses look poised for some stronger results later this year. If you're interested in income, consider adding these three stocks to your portfolio today.
Bristol Myers Squibb (NYSE: BMY) is a top biopharmaceutical company that develops drugs for patients with serious diseases, including cancer. The New York-based company released its second-quarter results on Aug. 6, and it reported sales of $10.1 billion. Revenue increased by 61% from the prior-year period, which was primarily due to its acquisition of Celgene which closed in November 2019.
Source Fool.com
