© Reuters. Buy 4 high-yield dividend stocks with a strong rating to complement your portfolio
Despite a rally in major stock indices over the past two days on the Fed's announcement that interest rates will remain unchanged for the time being, the market is expected to remain volatile amid concerns over a decline in consumer confidence and rising COVID-19 cases. We therefore think it makes sense to bet on the high-yield dividend stocks PJSC LUKOIL (LUKOY (OTC :)), Dow (DOW), Coca-Cola (NYSE :), FEMSA (KOF) and Vector Group (NYSE :). to ensure a steady stream of income. These stocks have an overall rating of “Strong Buy” in our proprietary rating system. So let's take a closer look. After a weak start to the week, major stock market indices have rallied over the past two days and investors are looking past the Evergrande debt crisis in China. The market has also shed the September 22nd announcement by the Federal Reserve that it will likely reduce its monthly bond purchases as early as November.
However, according to The Conference Board, the consumer confidence index hit 113.8 in August, its lowest level since February. COVID-19 cases are also increasing. As a result, many still expect the stock market to fall significantly in the near future. We therefore think it makes sense to invest in high-yield dividend stocks now to ensure a steady stream of income. UK global wealth management group Janus Henderson has raised its global dividend forecast for 2021 from $ 1.36 trillion to $ 1.39 trillion, just 3% below its pre-pandemic high.
The high dividend yields and strong fundamentals of PJSC LUKOIL (LUKOY), Dow Inc. (DOW), Coca-Cola FEMSA, S.A.B. de curriculum vitae (KOF), and Vector Group Ltd . (VGR) are now making them solid picks. These companies have consistently paid dividends and have an overall rating of A (Strong Buy) on our POWR rating system.
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