Many investors are looking for something less volatile than the popular tech stocks that have been swinging wildly recently. Some investors may be searching for ways to balance out their portfolio with income that is likely to persist even in a down market.
Two stocks that fit the bill for investors looking for meaningful dividends without sacrificing too much long-term growth potential are grocer Kroger (NYSE: KR) and home improvement retailer Home Depot (NYSE: HD). Not only do these stocks trade at reasonable valuations today, but their dividends are growing sharply.
Here's why investors should consider adding these two dividend stocks to their portfolio.