IGF - 3 Passive Income Powerhouses to Buy in June
2023-06-09 06:15:00 ET
Income investors may feel left out as they watch growth stocks ride the rising tide of the Nasdaq Composite 's epic 25.4% year-to-date gain. But veteran investors know that dividend investing isn't about outperforming an index by taking on a lot of risk. Rather, it's about taking on a lower amount of risk for a more secure reward.
Dividend stocks often underperform a raging bull market. But they are well suited for investors looking to supplement income in retirement, or anyone more focused on capital preservation than accumulation.
Here's why Phillips 66 (NYSE: PSX) , the Utilities Select Sector SPDR Fund (NYSEMKT: XLU) , and the iShares Global Infrastructure ETF (NASDAQ: IGF) are three securities worth considering now.
For further details see:
3 Passive Income Powerhouses to Buy in June