High dividend stocks are a great way to provide income from your portfolio. But more importantly, good high dividend stocks provide stability in times of trouble.
And there’s a lot trouble out there right now for the stock market.
Russia is flexing its muscles in Crimea, and there’s the threat of further aggression or sanctions that will hurt economic growth across Europe. There’s the Federal Reserve continuing its “taper” and sucking money out of the market, with all the volatility that comes with such policies. And then there’s all this unseasonably cold weather hurting seasonal hiring and consumer trends across America.
Q1 earnings are right around the corner, and we could perhaps see the impact of these trends in corporate profits — damaging the market this spring.
If that happens, high dividend stocks could be your safest bet as well as your best way to turn a decent profit.
So if you’re rattled by the recent events on Wall Street and around the world, here are seven stable dividend stocks to hide out in: