For growth and income investors, it makes sense now to look at blue chip dividend stocks with big and dependable payouts.
Investors who are more conservative are partying like it’s 1999. That’s because money market rates are at 4.75% and certificates of deposit are above 5%. The question now is whether Federal Reserve rate hikes are finished. Or will there be one or two more 25 basis-point hikes in store for the markets? One thing is certain: we are likely near the end of the rate hikes.
We screened our 24/7 Wall St. large-cap dividend universe looking for true blue chip stocks paying dividends near the money market and CD rate levels. Seven top companies checked all the boxes.
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