Recently, the risk-off crowd has pushed the market higher following some stellar third-quarter earnings. Despite the gains, many investors are increasingly worried about a big sell-off ahead. Given the massive move since the market lows of March 2020, and the fact that we just recently had a 5% decline for the first time in almost a year, many get the sense that it is time to move to safer stocks that still have growth potential going forward but also pay a solid dividend that is dependable.
Despite some hand-wringing over higher interest rates, they remain near generational lows across the board. It is unlikely the Federal Reserve starts to increase rates for another year or perhaps longer.
We decided to screen the Goldman Sachs European Conviction List, which is a collection of the top equity ideas across the pond, looking for stocks that paid solid and dependable dividends that were higher than the S&P 500 yield of 1.31%. We found five that look like outstanding total return ideas now.
This article originally appeared at 24/7 Wall St.