LAND - Still Concerned About Inflation? These 3 Dividend Stocks Get an Inflation-Driven Boost
2023-03-19 07:45:00 ET
Inflation continues to be persistently high. The consumer price index (CPI) rose 6% last month compared to last year's rate. While that was the smallest annualized increase since September 2021, it's still quite high.
High inflation is bad news for many companies because higher costs affect their profit margins. However, it benefits others. Three companies getting an inflation-driven boost these days are Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC) , Gladstone Land (NASDAQ: LAND) , and W. P. Carey (NYSE: WPC) . If inflation remains elevated, they could help insulate your portfolio.
Brookfield Infrastructure is a global infrastructure operator. The company owns a diversified portfolio of infrastructure assets across the utility, energy midstream, transportation, and data sectors.
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Still Concerned About Inflation? These 3 Dividend Stocks Get an Inflation-Driven Boost