2 Excellent S&P 500 Dividend Stocks to Buy in January

The bull market has sent the S&P 500 up 23% over the last year. But this run has brought the average yield of the index down to just 1.24% -- the lowest yield since 2000.Investors looking to boost their yield in the new year can find compelling choices in retail and telecommunications. Here are two solid dividend payers that can help you increase your passive income.Rising inflation and interest rates have taken a toll on many retail companies. Leaders like Walmart and Costco have handled the headwinds well and have seen their share prices soar, but they also don't pay a high dividend yield and currently trade at expensive valuations. Target's (NYSE: TGT) 3.24% forward dividend yield and modest price-to-earnings (P/E) ratio offer much better value that could lead to excellent returns.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool