Three stocks to buy in June 2022 – Lanny’s dividend stock watch list is in! Given the volatility to the stock market from rising interest rates, record inflation and record high gas prices – there are still ways to add to your passive income total from dividend stocks.
Why do dividends matter? Dividends are one of the best passive income sources. Dividend investing increases your passive income, as you reach financial freedom!
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When we evaluate dividend growth stocks, we focus on three dividend diplomat stock screening metrics, to determine if the stock is undervalued:
1.) Price to Earnings Ratio Less than the S&P 500 and the competition
2.) Dividend Payout Ratio Less than 60%. This shows the stock can continue to pay the dividend and increase that passive income stream
3.) Dividend Growth Rate: We want to see a history of the dividend increasing, as well as a high dividend growth rate
**Bonus Metric**: The Dividend Yield, which determines how much you get paid to own the stock!
Three great dividend stocks that I own in my portfolio already. In fact, the three dividend stocks yield – over 3%, 4% and 5%, respectively – one in each yield category!
These 3 dividend stocks all show signs of undervaluation – price to earning ratios less than the S&P 500, all with safe dividend payout ratios and dividend growth rates that complement the current dividend yields.
The three dividend stocks are Armanino Foods (AMNF), Store Capital (STOR) and LyondellBasell (LYB). I own hundreds of shares of each but am looking to build my stock positions here, trying to pursue financial freedom, one dividend stock purchase at a time.
What do you think are great dividend stocks to buy now? Do you see nice stocks to buy in June 2022? Are you looking forward to the quantitative tightening from the federal reserve? Building up your emergency savings or are you buying assets to produce passive income? Let us know in the comments!
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As always, we recommend conducting your own research to make your own decisions.
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