3 Passive-Income Powerhouses to Buy Before the End of 2023
When the S 500 is roaring higher and knocking on the door of an all-time high, a few percentage points of dividend yield may not seem that enticing.
However, the real advantage of dividend stocks isn't what they do during a raging bull market, but the security they provide during a bear market. When equity prices are crashing all around you, collecting reliable income without the need to buy stock can provide some extra dry powder to buy the dip on beaten-down growth stocks, or simply act as an income source.
The sweet spot is finding a stock that can deliver both dividend income and compound value over time. (NYSE: CVX), Procter Gamble (NYSE: PG), and MSC Industrial Direct (NYSE: MSM) fit that profile. Here's why each stock is worth buying now.
Source Fool.com
Chevron Corp. Stock
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 25.54% compared to the current price of 142.58 € for Chevron Corp..
