The last quarter brought the first official bear market in a decade. On Christmas Eve, the S&P 500 closed down 20.3% from its intraday high of 2,940 set on September 20, 2018.
During that span, just about every stock got beaten down. But over the past year, some stocks did better than others.
One group that outperformed was dividend-paying stocks. These are companies that pay out dividends higher than the S&P 500’s average of 2.1%—and continuously grow them.
This shouldn’t come as a surprise to regular readers… In November 2018, we told you to add dividend-paying stocks to your portfolio. As last year’s collapse intensified, we said these stocks would provide some protection from the fall.
It worked out as expected…