Dividends4Life: If You Like Dividends, You Should Love These 3 Stocks

Many companies have been suspending their dividends during the COVID-19 crisis, and in many cases it is understandable. In times of economic stress, it makes sense to preserve capital. But in other cases, it could also indicate a deeper problem at the company that requires some further investigation on the part of the investor. At the same time, many companies are maintaining or increasing their dividends during this crisis. That is not always the right move if the dividend payout comes at the expense of making key investments in the company or draining liquidity. However, in many instances, it is a sign of stability and solid long-term earnings power. Here are three stocks that dividend investors should love.

Baltimore-based T. Rowe Price Group (NYSE:TRP) is not as high-profile as some of the bigger names in the financial sector, but it clearly stands out as a great dividend stock. In March, the asset management firm increased its quarterly dividend by 18%, to $0.90 per share, and maintained that payout amount in June for a robust yield of 2.9%. IBM (NYSE:IBM) was once the biggest name in tech. While its standing is a bit diminished, it remains a key player, especially after its purchase of cloud-computing company Red Hat last year. Also, IBM is well known for having a great dividend -- or at least it should be. Home Depot (NYSE:HD) is not a Dividend Aristocrat, but it pays a royally good dividend. The home improvement store bumped up its quarterly dividend to $1.50 per share in the first quarter, a 10% increase over the previous year.

Source: Motley Fool

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