3 Top Dividend Stocks to Own No Matter What Happens to Interest Rates This Year
Higher interest rates might negatively impact the economy. Be prepared.
Overview
The Federal Reserve opted to keep interest rates steady in its June meeting, to no one's surprise. And the Federal Open Market Committee (FOMC) sees interest rates rising before the year is out, before eventually settling down in 2027. At least, that's the goal.
Investors shouldn't change their long-term strategy based on short-term interest rate movements; high-quality companies can survive and often thrive in any kind of economy. Some of the best are top dividend stocks with a long-term track record of resilience and dividend raises. Coca-Cola (NYSE: KO), Realty Income (NYSE: O), and Procter & Gamble (NYSE: PG) are three excellent choices.
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Originally published at www.fool.com.