5 Ultra-Safe Dividend Stocks
The “buy the dip” financial news teleprompter readers and the 35-year-old portfolio managers who have never seen a market crash are pounding the table that stocks are still going to the moon. Market veterans and “Hey Boomer” professionals have seen this show before. In 1987, the Dow Jones industrials plunged a stunning 22% in one day. Today, an equivalent drop in the venerable index would be almost 9,300 points.
A market crash, though devastating, is workable if you are in your 40s and making peak money. However, for baby boomers who have enjoyed unprecedented gains over the past 35 years, being overweighted to the stock market now is like picking up nickels in front of a bulldozer, and it could be a fatal kill shot to their retirement savings. Look at this data we dug up on the internet on the effect of major market crashes. The recovery time can be much longer than recessions or regular bear markets, sometimes taking decades:
- The 1929 crash lasted until 1932, and the Dow did not fully recover until November 1954.
- The dot-com stock correction/crash in March 2000 took 13 years to recover fully.
- The Panic of 1907 took the stock market 20 years to return to its pre-crash level.
The youngest baby boomers turned 60 last year, while the oldest are closing in on 80 in 2026. It is essential to move out of S&P 500 index funds, put half of your cash in high-yield savings accounts that are SPIC insured, and concentrate on ultra-safe dividend stocks that can add passive income streams to Social Security benefits. We found five Wall Street favorites that have stood the test of time. All are Buy-rated at the top brokerage firms and banks we cover.
Why do we cover ultra-safe dividend stocks?
Ultra-safe dividend stocks provide investors with reliable streams of passive income. Passive income is characterized by its ability to generate revenue without requiring the earner’s continuous active effort. It is a desirable financial strategy for diversifying their income stream.
AT&T
The legacy telecommunications company has been undergoing a lengthy restructuring while lowering its dividend. AT&T Inc. (NYSE: T) provides worldwide telecommunications, media, and technology services. Its Communications segment offers wireless voice and data communications services.
AT&T sells through its company-owned stores, agents, and third-party retail stores:
- Handsets
- Wireless data cards
- Wireless computing devices
- Carrying cases
- Hands-free devices
AT&T also provides:
- Data
- Voice
- Security
- Cloud solutions
- Outsourcing
- Managed and professional services
- Customer premises equipment for multinational corporations, small and mid-sized businesses, and governmental and wholesale customers.
In addition, this segment offers residential customers broadband fiber and legacy telephony voice communication services.
It markets its communications services and products under:
- AT&T
- Cricket
- AT&T PREPAID
- AT&T Fiber
The company’s Latin America segment provides wireless services in Mexico and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brands.
Dominion Energy
This article was originally published on this site
