Like Growing Passive Income? Buy This Dividend King
In recent months, cracks have emerged in the U.S. economy. Inflation is slightly down from its peak, but still elevated. And several more interest rate hikes are looking more likely than not.
Whether the U.S. will enter into an official recession, as determined by the National Bureau of Economic Research, remains to be seen. But regardless, investors can prepare by purchasing quality dividend stocks with proven track records, such as Dividend Kings.
With 60 years of dividend hikes under its belt, Lowe's (NYSE: LOW) is a Dividend King. And the stock looks like a purchase for income investors seeking rising dividend income. Here's why.
Source Fool.com
