Frequent dividend payments can provide a financial cushion during your retirement years and also help with current expenses. Companies that offer dividends give shareholders more reasons to hold onto shares during good times and bad times.
When the bad times come, the stock market can present opportunities to investors. Stock valuations get lower, and some dividend stocks suddenly look like bargains. Buying shares in undervalued companies gives you a greater margin of safety and a higher dividend yield. Finding undervalued dividend stocks can help you secure higher yields for stable corporations that have ample cash flow and earnings growth to support future dividend hikes.
These three top dividend stocks to buy have seen their stock prices fall a bit lately but are still enticing choices for long-term investors.
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