2 dividend stocks in buy zone- WGX, RRL

Investors who are looking to invest in the stock market can consider dividend stocks as an attractive option. Dividend stocks offer regular income in the form of dividends and also provide the potential for capital appreciation. In 2023, two dividend stocks that investors may consider adding to their portfolio are WGX and RRL.

Westgold Resources Limited (ASX: WGX) is a gold exploration and mining company based in Australia. The company operates several gold mines in Western Australia and produces approximately 300,000 ounces of gold per year.

• WGX has a strong balance sheet and a dividend amount of AU$0.020 with a dividend yield of around 0.00%.
• Furthermore, WGX has a history of increasing its dividends, demonstrating its commitment to returning value to its shareholders.
• The company's financial performance has also been strong, with a Dividend Yield forecast in 3 years of 2.4%

Investors may be interested in WGX due to its exposure to the gold market. Gold is a popular investment choice for investors seeking a safe haven during times of economic uncertainty. The demand for gold tends to increase when there is economic turmoil or inflationary pressures. As a result, the price of gold tends to rise, which benefits gold mining companies such as WGX.