Dividends4Life: These Are the ONLY 3 Dividend Stocks to Consider

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These Are the ONLY 3 Dividend Stocks to Consider

Posted by D4L | Friday, September 15, 2023 | | 0 comments »

Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their share price is languishing. The dividend is used as a carrot to keep shareholders hanging on in what is known as a “dividend trap.” This is a situation best avoided. That said, there are a number of well-run and profitable companies that provide strong and reliable dividend payouts.The best among these stocks raise their dividend each year as their profits grow. These stable and rising dividends can help to grow a portfolio over time and form an important source of income for investors, especially when living on a fixed income in retirement. They key is to ferret out stocks of well managed companies that have strong balance sheets and can support their dividend payments over the long-term.

These are the ONLY three dividend stocks to consider: Dick’s Sporting Goods (DKS): The retailer pays a dividend that yields above 3%. PepsiCo (PEP): This soft drink maker has raised its dividend for 50 consecutive years. American Express (AXP): A healthy dividend is just one reason to buy shares in the credit card company.

Source: InvestorPlace

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