3 of My Favorite Dividend Stocks (and They're Not What You Think)
Dividend stocks are always a favored class among certain investors. And they look even more enticing when the market becomes volatile -- as it has been so far in 2022 with the S&P 500 down about 8% in 2022 after rising 27% in 2021.
Dividend stocks are typically dependable, providing a steady flow of income independent of how the broader market performs. They are usually stable companies with tons of cash, and they don't typically have high growth aspirations. Costco Wholesale (NASDAQ: COST), Home Depot (NYSE: HD), and PepsiCo (NASDAQ: PEP) are three of my favorite dividend stocks, because they offer impressive yields and are posting some of their best growth ever.
Costco is not your typical top dividend stock, yielding only 0.61% at the current price, well below the S&P 500 average of 1.41%. But it also pays an occasional special dividend that makes up for it.
Source Fool.com
