5 High Dividend Stocks to Bet Against a Rate Hike

While the domestic economy is showing signs of steady recovery, global growth concerns are yet to alleviate. Sluggish growth in the world’s second-largest economy – China – has become a major drag on global growth. This month, the top 500 Chinese companies reported a combined revenue decline over the past 15 years, with many of them operating in the industries like coal, steel, oil and chemicals, all of which have been reeling under the impact of overcapacity. Meanwhile, European banks are still struggling due to lingering bad loans and low overall profits. On the other hand, as the Brexit episode is slowly taking a toll on the U.S. economy, the Fed plans to cope with this crisis before making an aggressive move such as a rate hike.

The continuation of a low rate environment will make stable dividend payers more alluring, as investors will turn away from parking their money in safe haven assets such as bonds on account of low interest rates. 5 Stocks to Buy Now: Just Energy Group Inc.(JE), Spark Energy, Inc. (SPKE), Arbor Realty Trust Inc. (ABR), Senior Housing Properties Trust (SNH) and Gramercy Property Trust Inc. (GPT).


Source: Zacks

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