Fed Chair Jay Powell’s overheating money printer has been great for our portfolios—it’s sending our dividend stocks through the roof! But where the heck do we invest new-found gains for further payouts?
I know I don’t have to tell you that this inflated market has clobbered dividend yields (as yields move in opposition to prices), but there are still bargain-priced dividend payers out there, some throwing off recession-proof payouts yielding over 6%!
Last week, we talked about one “Fed-fueled” corner of the market—energy stocks like ExxonMobil (XOM), payer of a gaudy 6% payout itself. It’ll thrive as inflation climbs, driving up oil prices.… Read more