Until the trade war chaos cools off, volatility will remain elevated.
With that, one of the best ways you can keep your portfolio safe while generating passive income is with highly respected dividend stocks that can sustain payouts. Plus, dividend stocks can help smooth out the ride when markets drop.
Look at Toll Brothers (TOL), for example.
With a yield of 1.02%, the company just raised its dividend by 9% to 25 cents per share. That will be paid out on April 25 to shareholders of record as of April 11. It’s also the fifth consecutive year the company raised its dividend.
Plus, the luxury real estate sector is still in high demand.
Even with higher interest rates, affluent buyers are still buying. “People with the means to buy high-end homes are jumping in now because they feel confident prices will continue to rise,” said David Palmer, a Redfin Premier agent, as quoted by Kiplinger.com. “They’re ready to buy with more optimism and less apprehension. It’s a similar sentiment on the selling side.”
Technically, TOL is also oversold.
After catching support at $86.44, the homebuilder stock is starting to pivot higher. Last trading at $98.19, we’d like to see TOL initially retest $120.
Sincerely,
Ian Cooper
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