2 “Strong Buy” Dividend Stocks With at Least 7% Dividend Yield

2 “Strong Buy” Dividend Stocks With at Least 7% Dividend Yield

Welcome to the last month of 2021. If you’re confused on how to read current market conditions, you are probably not alone. The past 3 sessions have been marked by volatility with wild swings from one extreme to the other. The market appears to be lacking direction in the face of the Omicron variant’s rise and the Fed’s admission elevated inflation levels might not be transitory after all.

It’s a moment made for defensive stocks, for the short-term hedges that protect an investment portfolio from market declines and high volatility. In short, it’s a moment that should have investors moving toward dividend stocks. These are the classic defensive play, with generally lower volatility than most other equities and a reliable income stream to balance out drops in the share price.

Bearing this in mind, we used the TipRanks' database to zero-in on two stocks that are showing high dividend yields – at least 7%. Each stock also holds a Strong Buy consensus rating; let’s see what makes them so attractive to Wall Street’s analysts.