2023-04-15 06:39:00 ET
There's nothing better to ride out a market downturn than getting paid to hold stocks. But there's data to support the idea of regularly adding money to top dividend stocks.
Since 1960, a $10,000 investment in the S&P 500 index would have returned $641,091 through 2022, according to Hartford Funds. But reinvesting dividends would have grown the investment to over $4 million. That's the power of dividends and compounding returns.
If you're interested in padding your portfolio with more income, here's why I would consider buying shares of McDonald's (NYSE: MCD) , TJX Companies (NYSE: TJX) , and FedEx (NYSE: FDX) .
For further details see:
3 Top Stocks That Raised Their Dividend by 10% or More