3 Safe Dividend Stocks to Beat Inflation
Inflation rates may finally be cooling down from last year's unnerving levels. However, prices are still rising at a pace above long-term averages, so consumers can't breathe easy just yet -- and neither can investors, for that matter. After all, Inflation is simply the reduction of money's effective buying power. It doesn't really matter where the money's coming from.
That said, investors have some options to help curb the adverse impact of inflation. Plenty of dividend-paying companies are dishing out -- and growing -- their dividend payments generously enough to outpace inflation's impact. Here's a closer look at three such dividend stocks to consider adding to the income-paying portion of your portfolio.
Almost everyone's heard of pharmaceutical company (NASDAQ: AMGN), but most people would be hard-pressed to name one single drug it makes.
Source Fool.com
Amgen Inc. Stock
The stock is one of the favorites of our community with 41 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 340 € is below the current price of 361.4 € for Amgen Inc., so the potential is actually -5.92%.
