As the stock market continues to slide into the final days of the third quarter, more and more of the growth stocks that fueled the market's outsized first-half rally are finding their way into correction territory - or even to new lows. And while the current market environment offers plenty of opportunities to buy the dip in various popular stocks, ongoing concerns about hawkish monetary policy and sticky inflation suggest that it's a great time to focus on high-quality, stable dividend stocks in particular.
Today, we'll spotlight three S&P 500 Index ($SPX) stocks that offer shareholders dividend yields north of 7% - but without any unpleasant “yield trap” pitfalls. Let's dive in and see why these reliable income picks are worth a second look right now.
