Love Dividends? 3 Stocks You Might Want to Buy
Savvy investors have long included dividend stocks in their portfolios as a reliable wealth accumulation tool, and eventually a foundation for steady income in retirement. Unfortunately, several companies with dividend payouts have had to cut or suspend them recently to help them account for the current financial crisis brought on by the coronavirus pandemic.
The current recession and the market fallout from COVID-19 highlight the importance of investing in companies capable of maintaining payouts even during times of significant market stress.
The Home Depot (NYSE: HD), Texas Instruments (NASDAQ: TXN), and Johnson & Johnson (NYSE: JNJ) have proven to be dividend stalwarts, and should have the financial strength to keep their dividends intact during this current economic turmoil. None of these companies are flashy or high growth, but their dividends are dependable and growing, making for ideal wealth accumulation or steady income for investors. Let's take a closer look at these three companies and find out why.
Source Fool.com
