Every major U.S. stock index has taken a step backward since the start of December. U.S. equities have reversed course this month because of inflationary pressures, the omicron variant, and year-end tax-loss harvesting. What's the best strategy to navigate this chaotic market? Dividend stocks are always worth owning as part of a well-rounded portfolio. Equities that dole out regular dividends to shareholders, after all, can smooth out the rough patches during volatile periods in the market.
What's more, these types of stocks come with a built-in level of safety because of their attractiveness as passive income vehicles. Which dividend stocks are must-owns right now? The top pharma stocks Amgen (NASDAQ:AMGN), Bristol Myers Squibb (NYSE:BMY), and GlaxoSmithKline (NYSE:GSK) are all worth adding to your portfolio soon.
Source: Motley Fool
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