SO - 2 Ultra-Safe High-Yield Dividend Stocks to Buy Like There's No Tomorrow
2023-10-01 05:21:00 ET
What makes a dividend stock ultra safe? A track record of dividend raises is certainly top of mind. But for a company to continue raising its dividend well into the future, it also has to have consistent earnings and cash flow growth so it isn't funding its dividend with debt.
Neither Southern Company (NYSE: SO) , a utility, nor Clorox (NYSE: CLX) , a well-known consumer staples company, are going to impress investors with star-studded growth prospects. But they do have the stable business models necessary to support year after year of dividend raises.
Here's why these two ultra-safe stocks are worth a look, especially if you're a risk-averse investor or are looking to supplement income in retirement.
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2 Ultra-Safe High-Yield Dividend Stocks to Buy Like There's No Tomorrow