3 Inflation-Proof Dividend Stocks to Buy Today
Inflation is running high right now, with the latest measures running at a 5% annual rate, or well above the 2% rate that the Federal Reserve aims for over the long term. Sure, that spike might be mostly driven by temporary trends related to the pandemic, but inflation still counts as a major risk for investors.
With that in mind, let's look at a few dividend stocks that have been boosting their payouts at a faster rate than inflation, and thus provide serious protection against rising consumer prices. Read on for some good reasons to like McCormick (NYSE: MKC), Nike (NYSE: NKE), and Home Depot (NYSE: HD).
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Source Fool.com
