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This week, the novel coronavirus has triggered two circuit breakers to halt trading. The viral panic over coronavirus has turned into a fiscal pandemic. The Dow is now off more than 27.6% from its all-time high in December. The index hasn't been this low since summer 2017.
Panic is only increasing as the COVID-19 problem gets more serious. Many investors feel they're stuck riding this with no answer.
But that is not the case. If you're sitting on any cash right now, many U.S. companies are trading at very attractive valuations. This would be the time to buy some top dividend stocks to hold over the long term.
It's important to remember that a pandemic's rise is parabolic, but so too is its decline. While the United States is facing a wave of infections around the nation, China (the first place the virus spread) is starting to see its early signs of normalcy and improvement in its supply chains.
Market Chaos Action Plan: Coronavirus panic has the market unhinged. Get three strategies for beating volatility, including the most powerful wealth-building tool for buying low. Click here now…
Companies with enough cash on hand should survive this pandemic. Some are looking to entice investors who are moving to cash with a boost to their dividends.
Today, we're taking a look at several U.S. companies that are raising their dividends and could become very attractive long-term investments. Here's the first dividend stock…
Top Dividend Stocks No. 3: QUALCOMM Inc.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.