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Protect Your Portfolio With These 7 Ironclad Dividend Stocks

With the stock market enduring increased turbulence in 2023, many investors are looking for ways to find stability in their portfolios. One time-tested strategy is to invest in high-quality dividend-paying stocks. Companies that consistently raise their dividends can provide much-needed income and downside protection when markets get choppy. Even better, reinvesting those dividends over the long-run can compound returns, and help investors achieve their financial goals.

With valuations looking more reasonable after the market’s recent pullback, now could be an opportune time to rotate into these dividend payers. With the market potentially bottoming, investors can lock in higher yields before these stocks bounce back. Though past performance doesn’t guarantee future results, these seven dividend stocks have been stalwarts through prior downturns, given their solid fundamentals.

This post appeared first on InvestorPlace.