Investors looking for defensive companies paying big dividends are drawn to the Dividend Aristocrats and with good reason. The 67 companies that made the cut for the 2024 S&P 500 Dividend Aristocrats list have increased dividends (not just remained the same) for 25 years straight.
With the stock market near all-time highs, and the only thing continuing to drive stocks higher is the incredible Nvidia Corp. (NASDAQ: NVDA) artificial intelligence story, we screened the Dividend Aristocrats looking for ultra-safe ideas that can deliver steady and dependable streams of passive income over the summer as the potential for some extreme volatility is increasing. Five stocks look like incredible ideas now, all rated Buy at top Wall Street firms.
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