After October's favorable inflation data, November's inflation rates came in at 7.1%, the lowest in one year. Moreover, core inflation rose 6% in November, down from 6.3% in October. Markets rejoiced over the better-than-expected inflation data. The S&P 500 gained 29 points, and the Dow Jones Industrial gained 104 points. Nonetheless, market volatility is expected to persist for an extended time.
Under such circumstances, dividend stocks are ideal investment options because they offer investors consistent long-term returns despite economic uncertainty. Investors' interest in dividend stocks is evident from the SPDR S&P Dividend ETF’s (SDY) 1.3% return over the past month and 5.6% over the past three months.
