The major market indexes have been correcting of late due to the Fed’s hawkish stance and tensions between the U.S. and Russia over Ukraine. Despite the stomach-churning volatility, high-yield dividend stocks Philip Morris International Inc. (PM) and Telefónica, S.A. (TEF) have managed to weather the wild price swings. These two stocks have delivered positive returns year-to-date.
Investing in dividend stocks is widely considered an efficient way of hedging one’s portfolio against volatility. Not only do these stocks provide high dividend yields, they also offer capital appreciation.
