This Dividend Stock Is a No-Brainer for Bear Market Growth
The bear market left a lot of investors looking for a safe place to park some of their portfolio cash. For many, that led them to invest in dividend stocks, which provide income or cash that can be reinvested in the stock to boost total return. In a market where growth-stock-focused indexes like the Nasdaq Composite are down nearly 25% in 2022 and the S&P 500 is down 16.4%, any extra income or return is appreciated.
The market will eventually bounce back, but with valuations still high among growth stocks, it's not clear yet whether the market has bottomed. If you want to add some balance to your portfolio to offset some of the losses with a stock that produces solid dividends, consider Regions Financial (NYSE: RF).
Regions Financial, based in Birmingham, Alabama, is the holding company for Regions Bank, which serves customers in 16 states in the South and Midwest. As of June 30, it is the 25th largest bank in the U.S., with $160 billion in assets under management.
Source Fool.com
