MMM - 3 Top Dividend Kings That Can Outlast the Nasdaq Bear Market
It's official, the Nasdaq Composite entered a bear market on Thursday. The Dow Jones Industrial Average also entered a correction on Thursday after the S&P 500 entered a correction on Wednesday. A bear market is typically defined as a 20% or higher peak-to-trough decline, while a correction is a 10% peak-to-trough decline.
Investors looking for stable companies that can outlast a prolonged bear market have come to the right place. Investing in equal parts Emerson Electric (NYSE: EMR) , 3M (NYSE: MMM) , and PPG Industries (NYSE: PPG) gives an investor a dividend yield of 2.6% backed by three Dividend Kings that have raised their dividends throughout past recessions. A Dividend King is an S&P 500 component that has paid and raised its annualized dividend for at least 50 consecutive years. Here's what makes all three companies great buys now.
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3 Top Dividend Kings That Can Outlast the Nasdaq Bear Market