MAN - 3 Reliable Dividend Stocks That Are Coiled Springs for Economic Growth
The ebbs and flows of the broader economic cycle can result in ripple effects throughout equity markets. When interest rates are low and the economy is growing quickly, asset values tend to rise. The reverse is true when interest rates are climbing and economic growth is slowing.
Yet long-term investors know that the value of a business shouldn't drastically change just because of overall sentiment or the economy at a given moment. Rather, the objective should be to invest in companies that have what it takes to grow over a long time. And for income-oriented investors, the cherry on top is to find companies that can sustain dividend payments even during downturns.
ABB (NYSE: ABB) , ManpowerGroup (NYSE: MAN) , and Caterpillar (NYSE: CAT) are three companies that benefit from economic growth but also have the financial health needed to support their dividends in more challenging times. Investing in equal parts of each dividend stock produces a yield of 2.9%. Here's what makes each stock a great buy now.
For further details see:
3 Reliable Dividend Stocks That Are Coiled Springs for Economic Growth