The stock market has had a tumultuous year, fostering fears of a potential recession among investors due to the soaring inflation and the Fed’s aggressive interest rate hikes. According to the World Bank, the global economic growth is expected to fall to 2.9% in 2022, from 5.7% last year.
Since the market volatility is not expected to ease anytime soon, investors shift toward dividend stocks to dodge the market risks. According to CNBC's June survey, nearly 42% of the respondents said they would likely invest in dividend-paying stocks for the rest of the year.
