The past year has been a crazy one for the stock market due to the COVID-19 pandemic. Indexes plunged by more than 20% last February and March, but soared in the 12 months that followed.
If your portfolio was stuffed with quality dividend stocks before the decline, then all that volatility likely wasn’t as painful for you as it could have been. If you’re reinvesting dividends, for example, you likely made at least a few automatic stock purchases at bargain prices.
Dividend stocks’ stabilizing power in a portfolio is just one of many reasons to love them. With that in mind, let’s look at why you might want to add two dividend-paying stocks — Walmart (NYSE: WMT) and Garmin (NASDAQ: GRMN) — to your watch list today.