2023-10-14 09:53:00 ET
Buying low-beta stocks isn't usually an exhilarating experience. By definition, they are less volatile in either direction than most of their publicly traded peers, so they likely won't ever deliver high-flying growth. However, they provide stability in spades, and can be the bedrock of your portfolio.
Spice-maker McCormick & Company (NYSE: MKC) is a perfect example of a low-beta stock. However, this usually rock-solid dividend grower has been in a rare tailspin lately. It's now down by more than 30% from its 52-week high.
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1 Magnificent S&P 500 Dividend Stock Down 33% to Buy Hand Over Fist