U.S. stock markets have looked weak in September - and in fact, last week was the worst in six months amid a broad-based sell-off. Specifically, the tech-heavy Nasdaq Composite ($NASX) is down 6% so far in September, while the S&P 500 Index ($SPX) is down 4.3%, and looks on track for its worst monthly performance since December.
With September holding onto its reputation as the “worst month” for stocks, many leading names are now trading near multi-month lows. But as the macro environment remains challenging, investors might find some solace in dividend stocks. After hitting a record in 2022, dividend payouts are expected to hit another new record in 2023.
