3 Top Dividend Stocks I Just Bought as the Stock Market Corrected

I've been capitalizing connected the caller banal marketplace correction by buying much shares of galore of my favourite dividend stocks. Among those I precocious purchased were Blackstone (NYSE: BX), Starbucks (NASDAQ: SBUX), and Verizon (NYSE: VZ). Here's why I think they're large dividend stocks to bargain close now.

Private equity elephantine Blackstone has mislaid astir 30% of its worth from the caller peak. That sell-off has driven its dividend output up to 2.8%, much than treble the S&P 500's current output of 1.3%.

Blackstone isn't your emblematic dividend stock. It doesn't wage a fixed quarterly dividend similar astir companies. Instead, the starring alternate plus manager returns the bulk of its distributable income to investors each 4th via dividends and stock repurchases. As a effect of that dividend policy, its outgo tin fluctuate, sometimes significantly:

However, the payout has been on a mostly upward trajectory implicit the past decennary and a half. I expect the rising inclination volition proceed arsenic Blackstone grows its assets nether absorption (AUM), fee-based income, and show revenues.

Driving that presumption is the anticipation that investors volition proceed to summation their allocations to alternative investments similar backstage equity, existent estate, and recognition due to the fact that they thin to make higher returns with little volatility than the nationalist banal and enslaved markets. According to a forecast by Preqin, the planetary alternatives marketplace volition deed $30 trillion by 2030, up from $17 trillion astatine the extremity of 2023.

That maturation should payment Blackstone's starring alternate franchises. With Blackstone's banal down sharply amid the marketplace sell-off, I could potentially gain an charismatic full instrumentality arsenic its terms recovers and its dividend rises.

Starbucks banal has slumped astir 15% from its caller high, which has driven the java giant's dividend output up to 2.5%. Since initiating its payout, the institution has delivered caffeinated dividend growth. Starbucks has accrued its outgo for 14 consecutive years, increasing the payout astatine an awesome 20% compound yearly rate.

Despite the seemingly ubiquitous quality of Starbucks stores, the institution has plentifulness of country to proceed expanding. It presently has much than 40,000 stores astir the world. While the institution has chopped backmost connected its archetypal plans to unfastened 17,000 caller stores by 2030, it inactive intends to unfastened galore caller locations successful the coming years.