For investors who might be growing a little uneasy with the stock market's tumultuous ride, dividend stocks stand out as a beacon of relative stability amid the ongoing market volatility. The best dividend stocks offer not only steady earnings growth but also a recurring income stream, positioning them as an ideal choice for investors seeking steady passive income.
One such example is ResMed Inc. (RMD), a notable contender in the rapidly expanding sleep and respiratory devices industry. The medical equipment company, which has been steadily increasing dividends for the past 11 years, last month reported blowout earnings, underscoring its robust growth trajectory. Following this news, ResMed shares saw their biggest one-day surge since March 2020.
