Is a Market Correction Coming? Better Grab 5 of the Safest Dividend Kings Now

"At 24/7 Wall St., we have focused on dividend stocks for over 15 years because, despite the stock market's ups and downs, many people need solid passive income streams to supplement their income from employment or other sources. With many on Wall Street predicting that the S&P 500 will hit 7,000 by year-end, others have already voiced concerns about the pace of the three-year-old rally that began in late 2022 with the introduction of ChatGPT, a generative artificial intelligence chatbot developed by OpenAI."

"The introduction triggered a landslide of AI spending and deal-making that has reached levels reminiscent of the dot-com bubble of the late 1990s. While everybody is wildly bullish, it makes sense now to move some of your stock portfolio to the safest Dividend Kings. The Dividend Kings are the 55 companies that have raised their dividends for 50 years or more, a testament to their dependability and reliability. Those are two "must-have" items for investors who rely on passive income to boost their overall revenue."

"Why we recommend the Dividend Kings Companies that have paid and raised dividends for 50 years or more are the kinds of stocks that growth and income investors want to buy and hold in stock portfolios forever. These stocks are very conservative, and should we see a dramatic market correction, they will likely hold their ground much better than volatile technology names."

Many investors need solid passive income streams to supplement employment income. Several Wall Street analysts predict the S&P 500 could hit 7,000 by year-end, while others worry that the three-year rally since late 2022, driven by ChatGPT and surging AI spending, resembles the late-1990s dot-com bubble. Moving parts of stock portfolios into Dividend Kings can provide safety. Dividend Kings comprise 55 companies that have raised dividends for 50+ years and combine dependability, dividend safety, financial stability, and strong fundamentals. Five top Dividend Kings offering substantial dividends and passive income are highlighted, chosen for dividend safety scores, financial stability, and strong business fundamentals.

Read at 24/7 Wall St.