VGR - Got $500? 2 Top Dividend Stocks to Buy in 2023
For many people, $500 isn't a huge amount of money. But it could help set the stage for epic returns in the stock market, if put into the right companies for the right amount of time.
Let's explore how McDonald's (NYSE: MCD) and Vector Group (NYSE: VGR) could create long-term value for shareholders because of these companies' recession-proof business models and sustainable dividend payouts.
If you are a new investor, the last thing you want to do is lose money by taking too much risk. And that's where McDonald's comes in. With almost 70 years of history, this blue chip restaurant giant has an exceptionally strong economic moat , which make its operations sustainable. Its modest dividend yield is icing on the cake for long-term investors.
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Got $500? 2 Top Dividend Stocks to Buy in 2023