Interest Rates Are Going Higher: These 4 Top Dividend Stocks Will Do Just Fine

The long slow easy ride for bond investors is just about over. While the Federal Reserve has been very slow to raise rates, a move many on Wall Street are not thrilled with, the snail-like pace is due to end. In fact, most top firms on Wall Street believe the Fed will raise rates by 25 basis points, or ¼ of 1%, in December and will raise two times in 2017 and 2018. While some of the bond proxy stocks, like utilities, real estate investment trusts and telecoms, may struggle, not all the stocks in those categories are vulnerable. In addition, while the rate hikes will become regular, even by the end of 2018, the funds rates should still be below 2%.

We screened the Merrill Lynch research database for dividend-paying stocks with good forward earnings prospects that are rated Buy. We found four that should continue to grind higher: CenturyLink Inc. (NYSE: CTL) is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses through innovative technology solutions. Enterprise Products Partners L.P.’s (NYSE: EPD) midstream energy services include gathering, processing, transportation and storage of natural gas, natural gas liquids (NGLs) fractionation, import and export terminaling, and offshore production platform services. General Motors Co. (NYSE: GM) is the world’s largest automaker, with annual volume of almost 10 million units. Occidental Petroleum Corp. (NYSE: OXY) is an oil-levered multinational organization with principal business segments in oil and gas and in chemicals.

Source: Wall St. 24/7

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