3 Safe Dividend Stocks to Beat Inflation
Income investors have become more open to dividend stocks in recent years. With rock-bottom interest rates at the bank and low inflation, dividend stocks drew interest despite a modest 1.5% average dividend yield for the S 500 over the last five years.
However, in recent years, higher inflation and rising interest rates have drawn income investors away from many dividend stocks. Still, some stocks offer returns that could hold appeal in today's more inflationary environment, and these could provide a steady stream of income and likely stock gains in the long run.
Tobacco giant Altria (NYSE: MO) may seem like one of the more counterintuitive places to seek dividend income. The medical industry and government have highlighted the health risks and addictive nature of its primary product for decades.
Source Fool.com
