2023-12-16 20:15:00 ET
When the S&P 500 is up big on the year, it's easy to miss the value of reliable dividend stocks . After all, what good is a 3% yield if the market is up nearly 20%?
But the value of quality dividend stocks isn't how they perform during a strong market -- it's that they deliver regular quarterly payments no matter what the market is doing. The best dividend-paying companies take it a step further by raising their dividends every year, even during recessions. That way, investors can count on a growing income stream when they need it most.
Coca-Cola (NYSE: KO) , Clorox (NYSE: CLX) , and Target (NYSE: TGT) have raised their dividends every year for decades. Here's why each stock is worth buying before the end of the year.
For further details see:
3 Passive Income Powerhouses to Buy Before the End of the Year