As we all know, dividend-paying stocks are a popular choice during market volatility, as they offer a stable and steady income stream even when the prices fluctuate. Thus, investors looking for such could consider adding high-dividend yield stocks like Verizon Communications Inc. (VZ), AT&T Inc. (T), and Altria Group, Inc. (MO) to their portfolios.
The elevated interest rates and the inflation worries are imminent in the economy. According to the Bureau of Economic Analysis (BEA), the PCE price index, excluding food and energy, increased 2.6% year-over-year in the month of July. With inflation falling substantially, the Fed is poised to cut interest rates for the first time in four years.
