In the current uncertain economic climate in the U.S., investors are turning to reliable options like dividend-paying stocks for stability and growth in their portfolios. Three such dividend growth stocks worth considering are The PNC Financial Services Group, Inc. (PNC), VICI Properties Inc. (VICI), and T. Rowe Price Group, Inc. (TROW).
The U.S. economy is expected to face challenges in the near future with slowing GDP growth rates and potential impacts from high prices and elevated interest rates. However, a recession is not predicted for 2024, but there may be a slowdown in consumer spending. Economic recovery will depend on factors like easing inflation and potential interest rate cuts by the Federal Reserve.
Dividend stocks offer a reliable source of income for investors, with regular payouts that often increase as companies grow. They also have the potential for stock price gains over time, making them a lucrative investment choice.
The PNC Financial Services Group, Inc. is a diverse financial services company that recently increased its quarterly dividend. VICI Properties Inc. is a real estate investment trust with a strong portfolio of gaming and hospitality properties. T. Rowe Price Group, Inc. is an investment manager with a history of consecutive dividend growth and a new retirement income evaluation framework.
Overall, these dividend-paying stocks offer a combination of stable income and growth potential for investors looking to navigate the current economic landscape.