Blue chip dividend stocks emerge as buying opportunities
The stock market has recently faced a correction, with the S&P 500 down about 10% and the Nasdaq Composite down 14% from their peaks. Amid this volatility, some blue chip dividend stocks are being highlighted as potential buys. Realty Income, a real estate investment trust, offers a 5.6% dividend yield and has raised its dividend for 32 years. Despite a 25% drop in share price, its funds from operations have increased nearly 12% over three years, making it an attractive option for income-focused investors. Canadian National Railway has seen a nearly 30% decline in shares due to tariff issues, but it maintains a strong dividend yield of 2.55%. Carlisle Companies, known for construction materials, has raised its dividend for 48 years and is expected to grow earnings significantly in the coming years, despite current market fears.