5 Top-Performing Dividend Stocks to Buy in October

For the time being, the Fed has also refrained from raising rates. If September jobs data turn out to be mediocre like in August, it might further reduce the possibility of a rate hike. Diminishing chances of a rate hike led to increase in bond prices, while yields on such bonds decline. This in turn is a positive for dividend paying companies (read more: Fed Holds Off Rate Hike for Now: Top 5 Gainers).

Additionally, such stocks when combined with a Zacks Rank #1 (Strong Buy) or # 2 (Buy) and a VGM score of ‘A’ or ‘B’ are sure to boost your returns. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. To take advantage of this scenario, here are 5 rock-solid dividend stocks to buy now: Macy’s Inc (M), L Brands Inc (LB), DTE Energy Co (DTE), Packaging Corp of America (PKG) and Xerox Corp (XRX).

Source: InvestorPlace

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