Dividends4Life: 3 Quality Blue-Chip Stocks With Safe Dividends

3 Quality Blue-Chip Stocks With Safe Dividends

Posted by D4L | Monday, September 12, 2022 | | 0 comments »

When it comes to investing in dividend stocks, there are many ways to find high-quality companies to buy. We like to focus on those companies that have long track records of dividend increases, as such companies have already passed the test when it comes to sustainable, growing income for shareholders. One such list of long-lived dividend stocks is the blue chips, a group of more than 350 stocks that have all raised their dividends for at least 10 consecutive years.

These companies generally have shareholder-friendly management teams that are willing to boost the amount of capital returned each year, while also having the ability to raise their payouts through thick and thin from an economic perspective. However, not all blue-chip stocks are created equal. In this article, we’ll focus on three blue chips that have above-average yields and dividends we believe would be safe during a recession. Target (TGT): This retailer is one of the best of the best when it comes to dividend streaks. T. Rowe Price (TROW): A dividend yield of 3.5% provides a huge benefit to income-focused investors. Medtronic (MDT): Medical supplies are unlikely to be hit hard in case of a recession, so this dividend payer looks safe.

Source: InvestorPlace

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