3 Safe Dividend Stocks to Beat Inflation
Like it or not, inflation remains higher than Americans have been accustomed to, and the impacts of last year's price surge have not gone away. As of September, inflation as measured by the Consumer Price Index rate stood at 3.7%, and average prices were 12.2% higher than they were two years earlier. Indeed, consumers' costs are now more than 18% above where they were at this point in 2020. It is taking a toll on people's pocketbooks.
There are measures that investors can take to combat the impact of higher prices, however, and perhaps even outrun their rises. Buying the right dividend stocks could help even if their current dividend yields are modest. With that in mind, here's a look at three such dividend stocks to consider adding to your portfolio if you've got the inflation blues.
Its dividend yield of just under 2.9% at the current share price is respectable, but not exactly thrilling. Think bigger picture, though. (NYSE: MRK) is a solid income-producing stock with great potential for capital appreciation. Let's also not forget how consistently (and how much) this company has grown its dividend payments.
Source Fool.com
