Want Passive Income? 2 Unstoppable Dividend Stocks to Buy and Hold
Passive income can bring some stability to your portfolio. That's particularly nice during periods of macroeconomic uncertainty. With inflation at a 40-year high and interest rates on the rise, the S&P 500 has fallen 14% from its peak and many individual stocks have been hit even harder. Owning a few high-quality dividend stocks can help offset those losses.
With that in mind, Texas Instruments (NASDAQ: TXN) and American Tower (NYSE: AMT) look like smart long-term investments. Here's why.
Semiconductor company Texas Instruments is often overlooked by more growth-oriented investors. But it currently pays a quarterly dividend of $1.15 per share, a yield of 2.7%, and the company has hiked the quarterly payout for 18 consecutive years. More importantly, shareholders have good reason to believe that trend will continue.
Source Fool.com
