Article By:
Marc Lichtenfeld
Wednesday, January 3, 2024 8:18 PM EDT
During the year, nine stocks received an “A” grade for dividend safety. Not one of them cut its dividend. In fact, six of them raised their dividends.
Safety Net Kept You Safe From Dividend Cuts In 2023
Kept me safe? 🤔
Yes of course...investors need protection from a dividend cut that brought $GNL's yield down to a paltry 15.98% while the stock itself has climbed 28% since late October. Meanwhile, my beloved $XOM's "safe" 3.59% yield is doing their collegiate best in offsetting their 11% decline since October. Team GNL all day👍