The combined concerns around looming interest rate increases, deepening supply chain disruptions and rising oil prices with increasing economic sanctions on Russia have been fostering immense stock market volatility. And if Washington and European allies cease importing oil from Russia, oil prices could skyrocket and with potentially catastrophic economic consequences worldwide.
Therefore, we think investors looking to generate a steady income stream could invest in dividend aristocrats in defensive sectors. TheProShares S&P 500 Dividend Aristocrats ETF’s (NOBL) 10.1% gains over the past year have surpassed the SPDR S&P 500 Trust ETF’s (SPY) 9.3% returns.
