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Given the market’s volatility and the low-interest-rate environment, investors are betting on dividend stocks to ensure a steady income stream. As a predictable income is essential for a retirement portfolio, investors looking to strengthen their retirement portfolios could bet on fundamentally sound dividend aristocrats. These blue-chip stocks possess healthy balance sheets and have a history of consistent dividend growth.
Medtronic plc (MDT), Target Corporation (NYSE:TGT), Archer-Daniels-Midland Company (NYSE:ADM), West Pharmaceutical Services, Inc. (NYSE:WST), and A. O. Smith Corporation (AOS) could be appropriate dividend aristocrats on which to bet now. These stocks are currently rated ‘Strong Buy’ or ‘Buy’ in our proprietary stock-rating system.
