Cash is king when you’re looking to add dividend stocks to your portfolio There’s ample reason for caution. In case you haven’t noticed, a lot is going on in the economy and the world. Inflation is showing no signs of abating at a meaningful level. The U.S. military is shooting down strange objects that are still a mystery. And then there’s the upcoming debate about raising the debt ceiling. However, like any asset class, there are differences between dividend stocks. The best of the best have strong cash positions and earnings growth that not only support but help to grow their dividends.
In this article, I give you three dividend stocks to buy that offer both the opportunity for dividend growth and some stock price growth as well. Large-cap stocks that have the cash flow to increase their dividends are a great place to hang out and maybe to get some growth. Chevron (CVX): Historically high crude oil prices are the cherry on top of this dividend giant. Costco (COST): The resilience of the American consumer dovetails nicely with Costco’s business model. Lockheed Martin (LMT): With geopolitical tensions increasing, it’s a good time to buy into one of the most defensive of defense stocks.
Source: InvestorPlace
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