- Dividend stocks tend to be a lucrative form of passive income
- Westpac Banking to pay 61.0 cps as an interim dividend
- KMD Brands will distribute 3.0 cps towards June-end
Despite market turbulence, dividend-paying stocks tend to perform relatively well as compared to their other counterparts. Hence, investors, both new as well as seasoned ones, are allured to invest in these stocks.
Moreover, apart from ensuring a steady income flow, dividend stocks do have potential for value appreciation, i.e., they offer a hedge against inflation over a period of time.