AOS - 2 Safe Dividend Stocks to Beat Inflation
2023-07-19 06:07:00 ET
Inflation is insidious, slowly eating away at the value of your money. Although the rate of inflation is elevated today, bringing the issue to the fore, it is almost always working in the background.
Indeed, inflation is something you should be thinking about at all times when you invest. Which is why you might want to include dividend growth stocks like A. O. Smith (NYSE: AOS) and Fastenal (NASDAQ: FAST) in your portfolio.
The historical growth rate of inflation is around 3.2% annually, so low that it can be hard to tell that anything is changing from year to year. Over the past 18 months or so, however, inflation kicked up dramatically for a time as companies try to pass on rising costs to end customers.
For further details see:
2 Safe Dividend Stocks to Beat Inflation