Key Highlights
- 10 stocks we like better than Procter & Gamble › Dividend stocks can be a good way for investors to add sources of reliable passive income to their portfolios.
- Stocks have whipped up and down in recent years, and while this is nothing new for long-term-minded investors, diversifying your investment strategy can sometimes be just as important as diversifying your portfolio.
- The key to investing in dividend stocks is to make sure they have a good track record, are generating enough free cash flow and earnings to cover their dividend, and also have the capacity to raise it in the future.
- My top dividend stock to buy this month is Procter & Gamble (NYSE: PG), which has a trailing-12-month dividend yield of roughly 2.9%.
- Here's why I think the company is a top dividend stock to own.