A stock market correction occurs when a major index falls 10% off its highs. The S&P 500 (^GSPC -1.39%) hit that level Thursday, falling almost 1.4% to end the day 10.1% below its all-time high set on Feb. 19. It joined the Nasdaq Composite (^IXIC -1.96%), which was 14.2% below its Dec. 16 high.
Investors understandably don’t like corrections, but they aren’t the end of the world. In fact, they present good opportunities for investors to scoop up shares of stocks and exchange-traded funds (ETFs) that are much cheaper than before.
Corrections are also a good time to lean on dividend stocks because they provide guaranteed income regardless of stock price movements. If that sounds good to you, here are two dividend ETFs worth considering: The Vanguard High Dividend Yield ETF (VYM -0.68%) and the Vanguard Dividend Appreciation ETF (VIG -0.95%).
