These 3 Dividends Are En Fuego (Payouts Soaring up to 385%)
July 04, 2023 at 05:00 AM EDT
No matter what Jay Powell says, interest rates are topping out here—and that’s put three “stealth” stocks (growing payouts double digits!) in perfect position to gap higher. This trio are midcap stocks— which we love now because of, well, history: at times like this, midcaps, particularly midcap dividend growers, soar. This chart paints the picture: Midcaps Counter Rate Moves Here you can see that the Vanguard Mid-Cap ETF (VO), in purple, rose when the yield on the 10-year Treasury fell at the start of the pandemic. But look at the right side of the chart: as rates soared, midcaps slipped. That opens a buy window as Powell steps to the side and (eventually) cuts, flipping rates lower—and midcaps back up.… Read more