There’s a gloomy mood, as investors see COVID-19 rates increasing again after moves to reopen the economy. In an atmosphere like this it’s only natural to take defensive moves to protect the portfolio, and moves like that will naturally draw investors toward dividend stocks. These are the classic defensive stocks, and for good reason: a reliable dividend keeps the income flowing, no matter what the markets do. And in today’s environment, with share prices pushed down by the economic reaction to the coronavirus, it’s possible to find sky-high dividend yields.
But not all dividend stocks are created equal. JMP analysts have chimed in – and they are recommending high-yield dividend stocks for investors looking to find protection for their portfolio.
Using TipRanks database, we’ve pulled up the details on