UPS - 3 Magnificent High-Yield Dividend Stocks to Buy for 2024
2023-12-23 07:15:00 ET
2023 is almost over. And unless some dramatic sell-off occurs, it was an impeccable year in the market. But there's no telling what the market will do in 2024 -- or any short time period for that matter.
Dividend stocks help smooth out the uncertainty that comes with investing in the stock market by providing stable, usually quarterly streams of dividend income no matter what the market is doing. In a year of massive outperformance like 2023, a dividend looks a bit negligible. But during a market downturn, a dividend can be a way to generate income without selling a stock when its down, and can even provide buying power to buy other stocks when they are on sale.
Here's why Phillips 66 (NYSE: PSX) , Kennametal (NYSE: KMT) , and United Parcel Service (NYSE: UPS) are three dividend stocks worth buying in 2023.
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3 Magnificent High-Yield Dividend Stocks to Buy for 2024