The stock market is punishing retail investors. But those who have been through bear markets know it eventually turns and a bull market starts, although the timing is uncertain. For instance, the dot-com crash and the subprime mortgage crises took several years to work through excess speculation before turning into a bull market. During uncertain times, investors could purchase stocks adding to their passive income streams at low prices.
Today, stock prices and valuations are down, and dividend yields are up. Granted, high inflation, rising interest rates, and geopolitical issues make for uncertain times. As a result, many investors ask themselves, are we in a recession? However, brave investors may want to add to existing positions. In many cases, the yields are the highest in a decade. As a result, it is possible to create or add to a 5%+ passive income portfolio. Below, we discuss several dividend growth stocks with high yields to buy.
Add to Your Passive Income Stream With These Stocks
The Western Union Company (WU) is the market leader in cross-border money transfers. The firm operates through its 550,000+ global retail agents, digital app, and websites…
International Business Machines
International Business Machines Corporation (IBM) is a company many investors love to hate. But the over 100-year-old firm has reinvented itself after acquiring Red Hat and divesting the Managed Infrastructure Services business, now Kyndryl Holdings (KD)…
Franklin Resources, Inc. (BEN) is a family-controlled and publicly traded asset manager. The firm owns the Franklin Templeton, Brandywine, Western Asset Management, Clarion, Martin Currie, Royce, and Legg Mason funds…
Verizon Communications Inc. (VZ) passes many screens today because of its high dividend yield and low valuation. Moreover, the company is one of the three market leaders in cellular service in the U.S…
Whirlpool Corporation (WHR) is one of the largest makers of home appliances. It owns the Whirlpool, Maytag, Amana, JennAir, KitchenAid, Roper, etc. brands. Whirlpool grows organically and by acquisitions…
Please read the complete article at my profile on Seeking Alpha Add To Your Passive Income With These Stocks.
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Here are my recommendations:
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