The seven dividend investments to purchase are chosen due to their high quality, inflation-protected dividend yields, focus on value rather than growth, delivery of free cash flow (FCF) and more. Additional reasons for their recommendation include fund positioning, 2022 earnings analysis from BofA Global Research, comparisons with consensus forecasts and other catalysts.
A good diversified mutual fund to use as an inflation hedge is Oakmark (OAKMX), offering a current dividend yield of 0.52%. Cohen & Steers Realty Shares (CSRSX) is up 7.41% in the last month and 13.46% in the last three months. iShares U.S. Consumer Staples ETF (IYK) seeks to track the investment results of the Russell 1000 Consumer Staples sector. BofA’s top pick in the consumer discretionary sector is Borg Warner Inc. (NYSE: BWA). BofA’s favorite financial stock to buy in 2022 is Wells Fargo (NYSE: WFC). Eaton Corp. Plc (NYSE: ETN), a Dublin, Ireland-based diversified power management company, is BofA’s top-ranked industrials stock for 2022. Houston-based NRG Energy, Inc. (NYSE: NRG) is an energy company that formerly operated as the wholesale arm of Northern States Power Company.
Source: DividendInvestor
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