My Top High-Yield Dividend Stock to Buy for Passive Income, Even If There's a Stock Market Crash
Anchor your portfolio with this high-yield Dividend King.
Overview
Don't let the strong bull market of recent years confuse you. Over the long term, stocks may trend higher in price, but during periods of stock market weakness, they can be very volatile. That's why, if you're looking for your portfolio to generate income and/or steady returns over a long time frame, you need to make sure to own a few high-quality blue chip dividend stocks.
Why? Regardless of the stock market's direction, these names can generally be counted on to deliver steady cash returns. A prime example of what I'm talking about is Altria Group (NYSE: MO). Altria may have its own set of controversies, and it's not the right stock for everyone, but if you have no issues with its underlying business, it is a top choice for an anchor position in a long-term portfolio.
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Originally published at www.fool.com.