After Raising Their Dividends, These 3 Blue Chip Stocks Are Great Buys Now

While there are no sure bets in the stock market, companies that have a track record for paying and growing their dividends offer one of the best ways to generate passive income. When the market is regularly setting all-time highs, a 2% dividend yield may not seem like much. But when the market is going down, the funds generated by dividend payers can save investors from having to sell shares at an inconvenient time.

With that in mind, we asked some of our contributors which blue chip dividend stocks they saw as particularly strong buys now. They scanned the horizon and found three that had just raised their payouts: Emerson Electric (NYSE: EMR), Stanley Black and Decker (NYSE: SWK), and Caterpillar (NYSE: CAT).

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Source Fool.com