Stock Market Sell-Off Shopping Spree: 3 Top Dividend Stocks I Just Bought to Boost My Passive Income
Stock market sell-offs like the one we're currently experiencing are challenging periods for investors. However, with every challenge comes an opportunity to improve. For me, sell-offs are an opportunity to buy high-quality dividend stocks at lower prices, which enables me to lock in higher dividend yields. That allows me to generate even more passive income, which I can reinvest in producing additional income until I reach the point where it can cover my living expenses and I can retire. I'm currently capitalizing on the sell-off in the market by going on a shopping spree for high-quality dividend stocks. I recently bought more shares of Johnson & Johnson (NYSE: JNJ), Starbucks (NASDAQ: SBUX), and Mid-America Apartment Communities (NYSE: MAA). Here's why I think they're great dividend stocks to buy for durable passive income. Shares of Johnson & Johnson have fallen more than 14% during the market's recent slump. The decline has driven up the healthcare giant's dividend yield to 3.8% (well above the S&P 500's 1.5% yield). That's one of the safest high-yielding dividends you'll find. Continue reading
Stock market sell-offs like the one we're currently experiencing are challenging periods for investors. However, with every challenge comes an opportunity to improve. For me, sell-offs are an opportunity to buy high-quality dividend stocks at lower prices, which enables me to lock in higher dividend yields. That allows me to generate even more passive income, which I can reinvest in producing additional income until I reach the point where it can cover my living expenses and I can retire.
I'm currently capitalizing on the sell-off in the market by going on a shopping spree for high-quality dividend stocks. I recently bought more shares of Johnson & Johnson (NYSE: JNJ), Starbucks (NASDAQ: SBUX), and Mid-America Apartment Communities (NYSE: MAA). Here's why I think they're great dividend stocks to buy for durable passive income.
Shares of Johnson & Johnson have fallen more than 14% during the market's recent slump. The decline has driven up the healthcare giant's dividend yield to 3.8% (well above the S&P 500's 1.5% yield). That's one of the safest high-yielding dividends you'll find.