Dividend investing is one of the oldest and most durable strategies in the stock market, and it has become increasingly relevant as investors navigate an environment where interest rates are no longer at historic lows. For decades, the near-zero interest rate policy of central banks made dividend stocks less attractive on a relative basis, because investors could earn competitive yields in bonds without taking equity risk. As rates have normalized, the calculus has changed, and dividend investing has returned to the center of portfolio construction for investors who want both income and long-term growth. But dividend investing is not as…
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