Goldman Sachs likes these 3 top dividend stocks yielding as high as 7.6% — in a manic market, locking down a growing income stream makes sense

Goldman Sachs likes these 3 top dividend stocks yielding as high as 7.6% — in a manic market, locking down a growing income stream makes sense

The S&P 500 is down 16% so far in 2022. While investor sentiment is far from bullish these days, Goldman Sachs sees opportunity in one specific group of companies: those that return cash to investors on a regular basis.

“We continue to recommend investors own stocks with high dividend yield and growth,” Goldman’s chief U.S. equity strategist David Kostin writes in a note to clients.

Kostin says strong corporate earnings growth means companies can hike their payouts going forward. And better yet, the market has not priced in that potential.