You can forget about a Santa-Claus rally. That's the message
from the market this December. Both the Dow Jones Industrial Average and
the S&P 500 are
in correction territory, and are heading for their worst December performance
since the Great Depression.
With the markets this perilous, top analysts are
recommending dividend stocks as a way for savvy investors to hedge their bets.
Regardless of market conditions, the dividend payment provides a steady source
of income every quarter which, investors hope, should increase over time.
Here we turn to TipRanks' Stock Screener to
pinpoint the best dividend stocks out there right now. TipRanks uses a natural
language processing algorithm to rank analysts based on their success rate and
average return. That allows us to filter for high dividend stocks with a
'strong buy' consensus from only the top-performing analysts.
Let's take a closer look at their five top dividend picks
now:
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