3 Dividend Stocks to Ride out the Market Volatility

For most investors, this is not a time to panic. Rather than take a flight to safety, now is a time to take a flight to quality. And when investors look for quality stocks in volatile markets, dividend stocks take center stage. One benefit of dividend stocks is that they are generally in defensive sectors of the market. This means that their products will be in demand regardless of how the broader economy looks. However, the reason why dividend stocks look attractive now is that some of them are giving investors some capital growth, as well. That said, let’s dive into three dividend stocks that investors should look to in order to ride out this market volatility.

Procter & Gamble (NYSE:PG) is one stock that should clean up as the market digests the impact of the coronavirus. The key word for AbbVie (NYSE:ABBV) will be synergy. AbbVie is losing the patent protection on its flagship drug, Humira. The rheumatoid arthritis drug is responsible for nearly 50% of AbbVie’s revenue. However, AbbVie is close to finalizing its purchase of Allergen and this will provide the company with $2 billion of synergies. Shares of AT&T (NYSE:T) stock gave a valiant effort at holding its 2020 gains through the correction. However, T stock is currently slightly negative for the year. But, it has remained in positive territory over the last 12 months.

Source: InvestorPlace

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