5 Rock-Solid Dividend Stocks to Buy on New Fed Outlook

An ounce of prevention is worth a pound of cure, and the Federal Reserve chairwoman, Janet Yellen has been rightly following the saying, as she and her policy-making committee voted to keep the benchmark interest rate unchanged at least for the time being. However, the policy makers hinted that the tightening of monetary policy is still in the cards and signaled a likely rate hike before the end of the year. This points to a steady and meticulous approach, after factoring in all the economic indicators. So, the federal funds rate is left untouched at 0.25% to 0.50% for now, providing the stock market with the much-needed impetus.

John Davison Rockefeller once said, “Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” People looking for regular income from stocks are most likely to be inclined toward those companies that have a track of consistent and incremental dividend payments. They are safer bets, particularly in a low-rate environment, as they provide a cushion during economic uncertainties. We have picked five stocks that hold promise. Let’s take a look at these 5 rock-solid stocks with great dividend yields: Packaging Corp of America (PKG), Outerwall Inc (OUTR), Xerox Corp (XRX), L Brands Inc (LB) and Macy’s Inc (M).

Source: InvestorPlace

Related Articles:
- 9 Dividend Stocks For A Rainy Day
- 6 Dividend Growth Stocks With Strong Capital Appreciation
- 6 Higher Yielding Basic Materials Stocks With Growing Dividends
- 7 Dividend Growth Stocks That Could Make You Wealthy
- A Roadmap To Build Wealth With Dividend Stocks