After the unanticipated lull in the summer, investors are expected to face greater bursts of volatility in October. While the upcoming presidential election is expected to heighten turbulence, Deutsche Bank AG USA’s (DB) inadequate capital cushion and the U.K.’s plan to exit the European Union will add to the woes. Investors are already anxious about the high valuations, which put the broader market in a precarious situation often leading to corrections. This calls for investing in dividend paying stocks which boast tremendous financial strength and are resistant to market vagaries. Also, the slim chances of a rate hike anytime soon make these stocks tempting picks...
To take advantage of this scenario, here are 5 rock-solid dividend stocks to buy now: Macy’s Inc (M) operates stores, websites, and mobile applications. L Brands Inc (LB) operates as a specialty retailer of women’s intimate and other apparel and personal care products. DTE Energy Co (DTE) engages in the utility operations. Packaging Corp of America (PKG) manufactures and sells container board and corrugated packaging products. Xerox Corp (XRX) provides business process and document management solutions.
Source: InvestorPlace
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