This Dividend Stock Will Hold Up No Matter the Market Conditions
The stock market has officially entered bear market territory with the S&P 500 down over 21% year to date. There's a chance it could fall further with inflation running at 40-year highs, the Federal Reserve poised to aggressively raise interest rates, and consumer confidence at all-time lows.
It's easy to buy winning stocks in a bull market; after all, a rising tide lifts all boats. More difficult is finding those that can perform well in a downturn. Investors would do well to turn to dividend-paying stocks, as they can offset the sting of any capital loss by offering a steady stream of income.
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Source Fool.com
