Sure Dividend: 2 Safe Dividend Stocks For The Next Market Pullback

Markets continue to face the impact of rising interest rates. 2022 saw both stocks and bonds take a dive as the Federal Reserve raised rates at their most aggressive level in over 40 years.

Inflation remains far from over. But with the Fed slowing its rate of interest rate increases, things look clear. Chances are, however, we’ll see another market pullback before we truly get an all-clear signal. That’s especially true with rising skepticism in the markets today.

Investors looking for protection in this market can find a safe haven with dividend stocks. However, they’ll want to find companies that tend to be immune from changes in the economy. That narrows the field considerably.

One area is in the utility space. It’s a highly regulated part of the market. So that leaves little room for growth. However, it tends to mean consistent, if moderate, increases in earnings over time. And that tends to make for a company that can pay out a steady, and slightly-growing, dividend.

NextEra Energy (NEE) is a utility that could offer some growth as well. It operates in an area with rapid population growth. And over the past few years, it’s been one of the best performers in the utility space. That doesn’t look to change anytime soon.

To learn more about the other safe dividend play in the next market pullback, click here.