Dividend stocks are often the driving force of a well-rounded retirement portfolio. They offer three key advantages that are attractive to long-term investors. First, they're a sign of a company's proven long-term track record. A business wouldn't consider sharing its profits if the management team didn't believe those profits were sustainable. Second, dividend stocks help to hedge against downturns in the market. Since 1950, the S&P 500 has experienced 35 corrections of at least 10%. While a dividend generally won't erase the paper losses from a correction, it can help reduce investors' anxiety and mitigate some of their losses. These top dividend stocks appear to be discounted...
Though drugmaker Gilead Sciences (NASDAQ:GILD) has lost 25% over the trailing-12-month period, underperforming the S&P 500 by 41 percentage points, I believe now would be the perfect time for income investors to give it a closer look. Another top dividend stock income investors would be wise not to ignore is high-end mall-based retailer Nordstrom (NYSE:JWN). Shares of Nordstrom have fallen 24% over the trailing year, meaning they've underperformed the benchmark S&P 500 by roughly 40 percentage points. Last, but not least, refining company HollyFrontier (NYSE:HFC) and its scrumptious 4.7% yield could be worth a look this spring for income investors. Shares of HollyFrontier are off by 21% over the trailing year, putting them 37 percentage points behind the broad-based S&P 500.
Source: Motley Fool
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- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
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- Warren Buffett's Two Investing Rules For Dividend Investors
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