SWK - 2 Red-Hot Dividend Kings and 1 Unstoppable High-Yield Dividend Stock to Power Your Passive Income
2023-07-27 06:30:00 ET
The stock market has had a great run in 2023. But investors that regularly contribute savings to their accounts may be thinking that now is a good time to deploy new capital toward safer investments.
One option worth considering is Dividend Kings , meaning companies that have paid and raised their dividends for at least 50 years. Dividend Kings have long endured market cycles. So if you're worried about a correction in the stock market or you're simply on the prowl for lower-risk options, Dividend Kings make a lot of sense.
Two Dividend Kings that stand out are Illinois Tool Works (NYSE: ITW) and Stanley Black & Decker (NYSE: SWK). Meanwhile, Leggett & Platt (NYSE: LEG) is a lesser-known high-yield dividend stock that's worth a look.
For further details see:
2 Red-Hot Dividend Kings and 1 Unstoppable High-Yield Dividend Stock to Power Your Passive Income