Got $5,000? These 2 Aristocrats Are Paying More Than Double the S&P 500 Average
An effective way to battle inflation and rising costs is to collect dividend income from your investments. The boost in cash could make it easier for you to pay bills or save up for large purchases. Although the markets are struggling this year with the S&P 500 down 7% in 2022, buying dividend stocks can pay off in the long run as their underlying businesses normally have sound financials.
If you're worried about the safety of dividend payments, you can also focus on Dividend Aristocrats that have strong track records and that have been making regular payments for more than two decades. A couple of Aristocrats that are not just stable, but also yielding more than 3%, are Cardinal Health (NYSE: CAH) and Clorox (NYSE: CLX). Both stocks could be great places to invest $5,000 into right now.
Image source: Getty Images.
Source Fool.com
