Fourth-quarter earnings reporting is all but over, and many across Wall Street are watching the quick move higher in interest rates with a high level of anxiety. With inflation still running hot, it is a good bet at least three more interest rate hikes are on the way, and they may end up being bigger than expected.
It makes sense now, with the market still positive for the year after a large bear market rally, to move from the momentum and meme stocks to more conservative large-cap stocks with dividends. We screened the Dow Jones industrial average looking for the highest-yielding companies in sectors that look to benefit from solid demand and those that can do well even if a severe recession is on tap for 2023.
The following stocks are listed in order of the highest yield…
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