Wednesday, February 21, 2024

How rate cuts could impact stocks in 2024, plus why investors should consider ‘dividend aristocrats’

As the last trading day of 2023 comes to a close, investors are eagerly looking ahead to 2024 for new investment opportunities. 2023 was the year of the Magnificent Seven and the S&P 500 (^GSPC), but is there something new to consider ahead of cooling inflation and potential interest rate cuts?
Roundhill Investments Chief Strategy Officer Dave Mazza joins Yahoo Finance Live anchors Madison Mills and Julie Hyman to give insight into what is being referred to as “dividend aristocrats” and why they should be considered for investor portfolios in 2024.
“So a dividend aristocrat is a company that has increased their dividend each and every year for 20 or 25 years. There’s another group, even stringent to get in — the dividend kings, the dividend monarchs, that’s 50 years of consecutive dividend increases,” Mazza says. “They tend to be incredibly resilient, if you’ve been able to increase your dividends for that long of a time period, you have free cash flow to be able to pay those dividends to investors.”

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