Meme-Stock Migraine? This Super-Safe Dividend Payer Is the Cure
If you're tired of reading about Dogecoin daredevils and GameStop gurus, you're not alone. Meme-stock mania can be entertaining, but for the vast majority of investors, it simply isn't worth paying attention to. Valuations matter. And when an asset's price is propelled far above the levels that could be justified by even the most optimistic forecasts for the business's fundamentals, it's best to stay away.
Far removed from the world of celebrity endorsements and speculative subreddits lies the land of Dividend Kings -- S&P 500 companies that have increased their annual payouts for at least 50 consecutive years. These companies rarely attract headlines. And they don't have to. They aren't praised based on popularity. Instead, they are judged for their business performance, ability to keep a strong balance sheet, and track record for increasing their payouts to shareholders over time. Consumer staples stalwart Procter & Gamble (NYSE: PG) is one of the safest Dividend Kings around. Here's why it's worth buying now.
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Source Fool.com
