Due to lingering inflation and slashed growth estimates because of Federal Reserve interest rate increases, the markets are extraordinarily volatile. However, despite tremendous fluctuations, the S&P 500 index has managed to secure marginal returns over the past month.
Despite the relief rally, Bank of America strategists see high volatility ahead. Thus, investing in renowned dividend stocks has gotten popular of late. The ability to pay substantial dividends indicates a company’s financial strength. Investors’ interest in the high-yielding dividend stocks is evident from the iShares Core High Dividend ETF’s (HDV) 4.7% returns over the past month.
