The Nasdaq Composite (^IXIC) started this week tumbling 4% on Monday — the index’s worst day since September 2022 — and is still 12.5% off its all-time highs after today’s trading session.
When the major indexes are making new all-time highs, it’s easy to overlook the benefits of dividend stocks. But when the market is down, it’s easier to appreciate the reliable income that dividends provide. They offer a way to book a return without selling shares, which can be useful for investors supplementing income in retirement or wanting extra dry powder that they can reinvest.
The following three companies have high yields that can provide ample passive income. Here’s why all three dividend stocks are worth buying now.
This post originally appeared at The Motley Fool.