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5 Dividend Stocks That Remain Good Buys In This Roller Coaster Market

5 Dividend Stocks That Remain Good Buys In This Roller Coaster Market

The Stock Market Roller Coaster Ride

The past three months (to say nothing about this year in general) in the stock market have felt distinctly like a roller coaster ride. First climbing upward rapidly from July until early September, then abruptly sliding downward until late September, then bottoming out and angling upward again. Market participants are being pulled and jerked around in their restraints as they hang onto the handles.

The relative lack of volatility from mid-2016 through late 2018 and from early 2019 through February, 2020 felt like a pleasant horse-drawn carriage ride compared to the Covid era.

Chart
Data by YCharts

This has been even truer of many dividend stocks this year, as the risk of dividend cuts has induced yield-starved investors to vacillate wildly between fear and greed. It really is reminiscent of the speedy swings of emotion one feels on a roller coaster ride: anticipation and reward, excitement and terror, exhilaration and panic, laughing and shrieking.

So much happens in seemingly so little time.

6 of the craziest roller coasters across the world

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And then, when it’s over, you’re left thinking, “We waited an hour and a half for a 60 second ride?

One benefit of being a dividend-focused investor is that stock market volatility, while anxiety-inducing, matters less — as long as one remains confident in the safety of one’s dividend income stream. We at High Yield Landlord try to put emotions aside and invest like landlords, paying less attention to asset prices and more to the operations of the business and the stability of cash inflows.

With that in mind, let’s take a look at five dividend growth stocks that remain good buys even as the market has enjoyed an October rebound.

1. Gilead Sciences (GILD)

Admittedly, biopharmaceutical company Gilead Sciences, which invented the drug that treats most HIV patients,

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5 tips to get help for your small business, as relief talks remain in limbo

5 tips to get help for your small business, as relief talks remain in limbo

After calling off broader talks on an economic stimulus package, President Trump reversed course Tuesday night, urging Congress to approve smaller relief measures, including funding for small-business loans. Yet there is still a great deal of uncertainty about when another stimulus bill will deliver emergency aid to millions of Americans impacted by the Covid-19 pandemic, including small-business owners.

“The real problem is there just isn’t enough financial help right now, especially if your business did not qualify to get it before,” said Jill Johnson, CEO of the Institute for Entrepreneurial Leadership, a non-profit business consulting firm in Newark,  New Jersey. 

The federal government’s Paycheck Protection Program approved more than 5.2 million loans totaling $525 billion in emergency relief funding. For many small-business owners who received those loans, however, that money has run out. And others are still struggling. 

More from Invest in You:
Tips for small-business owners trying to survive the pandemic
Beauty Bobbi Brown’s advice for business owners
How these small businesses are navigating the pandemic

Getting an infusion of funding from another federal stimulus package could be one option — someday. Yet, rather than wait and see what happens with new federal help, experts say small-business owners in need of financial relief should take these steps now:

1. Contact your existing lender or search for a new one

“Talk to your bank to discuss financing options, restructuring or payment deferrals on existing loans,” said Detra Miller, head of the women- and minority-owned business team at M&T Bank.

Continue to build relationships with lending institutions for access to credit, agreed Ken Alozie, managing director at Greenwood Capital Advisors. “Start with the bank that provided you with a PPP loan.”

Explore other lenders, too. While loan approval rates declined slightly from August to September, according to the latest Biz2Credit Small

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