Worried About 2023? Park Your Money in These 2 Low-Volatility Dividend Stocks
If you're not sure where to invest this year and don't want to take a risk with your money, consider buying shares of dividend stocks. An even better option may be to hold dividend stocks that are low in volatility.
You can see how volatile a stock is by looking at its beta value. A value of 1 suggests it moves generally in the same direction as the market, whereas a value of less than 1 suggests that it isn't as affected by swings in the market. If the beta is more than 1, then the stock is more volatile than the broader market.
A couple of above-average dividend stocks that have beta values of around 0.5 (meaning low volatility) are Johnson & Johnson (NYSE: JNJ) and Kroger (NYSE: KR). Here's why these stocks could be safe places to park your money right now.
Source Fool.com
