Uncertainty regarding the conflict in Iran has put pressure on the stock market over the past few months – and although S&P 500 Having surged in recent days and even hit new highs, the unrest may not be over. Investors have been watching every step on the road to peace between the US and Iran, and any setbacks could cause stocks to slide, especially those most tied to economic growth.
How should investors handle such an environment? It is always important to remember that investing is a long-term endeavor, so fluctuations in quality stocks over a period of a few weeks or months will generally not have much of an impact on your returns. In the meantime, during these difficult times, it’s a good idea to add some dividend stocks to your portfolio, as they will provide you with passive income – no matter what the market is doing.
With that in mind, let’s look at three surefire dividend stocks to buy right now.
Image Source: Getty Images.
1. Coca-Cola
you can trust coca cola (To 0.34%) For drinks in 200 countries and territories around the world – and you can rely on stocks for passive income. That’s because this non-alcohol drink is huge dividend kingWhich has raised its dividend for at least 50 consecutive years. This is positive as it shows a commitment to sharing successes with shareholders, suggesting the company will continue this trend.
Coca-Cola pays a dividend of $2.06 per share, for a 2.7% dividend yield, which beats the yield by quite a bit. S&P 500.
S&P 500 Dividend Yield by data YCharts
While investors collect this regular income, they will also like the fact that Coca-Cola provides them with the security of steady income growth over time. The company has a great achievement or competitive advantage in the form of its brands – from the Coca-Cola name to other top brands like Minute Maid juices. And the beverage maker’s powerful distribution network also provides competitive advantages.
Coca-Cola also focuses on innovation, keeping in mind the growth of the general market and the preferences of specific markets. All this makes this stock an evergreen player to add to your portfolio.
2. Walmart
wal-mart (WMT +0.33%) Recent years have seen significant successes, thanks to a focus on value and categories that work in any economic environment – such as grocery and pharmacy.
The company is also posting profits due to growth in its e-commerce business, its Walmart+ subscription service and its advertising business, Walmart Connect. (Walmart Connect allows brands to promote their products in Walmart stores and across its digital network.) These areas could represent important growth drivers for the company over time.
today’s change
(0.33%) $0.42
current price
$127.92
key data points
market cap
$1.0T
day limit
$127.32 -$129.47
52wk range
$91.89 -$134.69
volume
38K
average volume
22m
gross margin
23.41%
dividend yield
0.74%
In the most recent quarter, Walmart’s global membership fee revenue grew 15%, and in the US, the company reported a 41% gain in Walmart Connect.
In addition to this strong earnings performance, shareholders also benefit from a proven track record of dividend payments – like Coca-Cola, Walmart is a dividend king. Walmart pays a dividend of 99 cents per share, representing a yield of 0.7%. It may not be the highest-yielding stock, but I like Walmart for its dividend payout balance and overall earnings growth potential in the coming years.
3. target
Target (TGT +1.83%) It has faced a number of challenges in recent years, but the company is well positioned for change today. The retailer has cut costs and eliminated jobs, and earlier this year, longtime Target executive Michael Fidelke took the role of chief executive officer — and laid out a growth plan.
today’s change
(1.83%) $2.34
current price
$130.18
key data points
market cap
$59B
day limit
$126.87 -$130.19
52wk range
$83.44 -$130.19
volume
2.9K
average volume
6.1M
gross margin
25.44%
dividend yield
3.49%
The company is investing $2 billion this year in a number of efforts, including redesigning store displays, training employees and improving the selection of items shoppers find on the shelves. It’s important to remember that, even though Target’s growth has stagnated recently, it has generated and maintained $30 billion in annual revenue growth since pre-pandemic days.
TGT Revenue (Annual) by data YCharts
Considering all this, Target could offer shareholders a return of growth in the coming quarters — and This retail stock With a $4.56 payout on a 3.5% yield, it’s also a dividend king. So, investing in Target today can provide you with a great recovery story bet as well as the security of passive income growth in the years to come.