Look To Dividend Stocks In Current Market

Whether you are an investor or a trader, opportunities to make money on the long side have been few and far between in 2010. For the most part, the name of the game has been to not lose money. Year-to-date, the SPDR S&P 500 ETF has fallen 7.35%. One way that investors can try to protect themselves from the furious market correction is to reduce risk significantly and focus on high-quality companies that pay dividends. In many cases, dividend yields have risen substantially as prices have come down.

These dividends provide a downside cushion for stock prices. Furthermore, many high dividend paying companies are engaged in defensive businesses that hold up better in a bad economy. Among the many stocks that are offering attractive yields right now are Altria Group (NYSE: MO), AT&T (NYSE: T), Chevron (NYSE: CVX), DuPont (NYSE: DD), Coca-Cola (NYSE: KO), and McDonald's (NYSE: MCD).

Source: Benzinga

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