10 Great Dividend Stocks to Own Should the Surging Stock Market Plunge This Summer

Though the labor market continues to improve, certain measures are beginning to show that inflation is slowing, moving away from the Federal Reserve's 2% target and not toward it. This could be a sign that the U.S. economy is getting weaker, despite having an unemployment rate of 4.3% in May, according to the U.S. Bureau of Labor Statistics. But with the Fed looking like it's going to keep raising rates and certain sectors of the stock market looking a little shaky in recent days, investors may want to come back to a trade that's proved reliable in recent years -- dividends...

A company known for its iPhones, Apple (AAPL) is also a cash flow machine, generating enormous amounts of cash. At current prices, AT&T (T) has a 5.03% yield, more than twice what the 10-year U.S. Treasury yields. Boeing (BA) is headlining the Paris Air Show this week, but the company's history as a dividend payer is just as exciting. Pfizer (PFE) is an American pharmaceutical company best known for its Viagra drug, but it also has a sturdy 3.86% yield. Merck (MRK) has a 2.95% yield, significantly higher than the yield that the 10-year U.S. Treasury yields. Tyson Foods (TSN) , best known for its chicken products, has a stable dividend and a share buyback. Texas Instruments (TXN) , which makes semiconductors for everything from automobiles to phones, has benefited from the Internet of Things (IoT) trend. Expeditors International (EXPD) is a Seattle-based logistics and freight forwarding company. Hormel Foods (HRL) has expanded into several areas of the supermarket, including refrigerated foods and fresh grocery to help grow revenue. S&P Global (SPGI) is primarily focused on financial information, as well as analytics.

Source: The Street

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