RTX - 3 Passive Income Powerhouse Dividend Aristocrats to Buy in June
2022 hasn't exactly been an easy year for investors. Unlike the bear market of Q4 2018 or the pandemic-induced bear market of spring 2020, this bear market could be a long slog as the Federal Reserve raises interest rates to combat inflation, supply chains remain constrained, and geopolitical tensions are intensifying. Another worry for investors is valuations. The S&P 500 doubled between 2019 and the end of 2021 -- so it's still produced monster gains even if you factor in this year's sell-off.
One tried and true strategy for outlasting a bear market is to invest in stable businesses you can count on to make it through tough times and possibly even gain market share in the process. Dividend Aristocrats, which are members of the S&P 500 that have paid and raised their dividends for at least 25 consecutive years, tend to have stable cash flows and strong balance sheets -- traits that can be overlooked during a raging bull market, but that matter more than ever during an economic downturn.
Raytheon Technologies (NYSE: RTX) , NextEra Energy (NYSE: NEE) , and Emerson Electric (NYSE: EMR) are three Dividend Aristocrats that could be worth adding to your watch list in June. Here's why.
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3 Passive Income Powerhouse Dividend Aristocrats to Buy in June