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Dividend Lovers Are Flying Into These ‘Strong Buy’ 7% Or More Yielding Stocks

If you believe some of the top Wall Street strategists, the 2023 rally is almost over. J.P. Morgan said last weekend that the current rally is likely to be the high point for this year, while Morgan Stanley’s Mike Wilson, who made a strong bearish call last year, feels that lows for stocks will come in the spring, noting that risk-reward for investors now is “as poor as it has been.”

With inflation falling but still well above the Federal Reserve’s target, and the prospects for a terminal (or ending) federal funds rate now as high as 6% and remaining in place well into 2024, investors should shift to safer, high-dividend stocks that provide the best total return proposition for the rest of 2023.

We screened our 24/7 Wall St. equity/income universe for stocks that pay at least a 7% dividend, are Buy rated by top banks and brokerage firms, and offer investors the best total return potential. These six top companies made the cut…

This post appeared at 24/7 Wall St.