GIS - 2 Safe Dividend Stocks for Diversification
Trying to time the market is impossible, and it's what makes diversification so important in a portfolio. Many stocks are down this year primarily because of sky-high inflation and a potential recession. Yet those two factors have contributed to the rise of consumer-staples stocks like General Mills (NYSE: GIS) . They have also contributed to a sell-off in quality durable-goods stocks like Whirlpool (NYSE: WHR) .
Which sector should long-term investors choose? Diversifying between the two could increase your chances of being right. In addition, both pay reliable cash dividends, which can be reinvested to help compound long-term returns.
Let's take a closer look at these two dividend stocks that offer safety and diversification.
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2 Safe Dividend Stocks for Diversification