Yes, you read that headline correctly. On the heels of the worst two years for dividend investors in more than a generation, I'm telling you that now's the time to double down on dividend stocks. Allow me to explain.
While dividend payers have long been considered safe ports in stormy markets, this recession has been a notable exception. In the S&P 500, 62 companies cut their dividends in 2008, followed by another 90 in 2009. With glum news like this, dividend-paying stocks look like more of a gamble than ever. But while no dividend -- or stock -- is 100% guaranteed, this market is providing some great opportunities to buy strong, well-capitalized companies with high dividend yields -- at lower prices.
Source: Motley Fool
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