After a time of volatility earlier in the month, major stock market averages closed higher last week. This marks three weeks of gains. The S&P 500 closed at a record high yesterday, with corporate earnings impressing investors. Therefore, we think S&P 500 stocks AT&T (T) and Altria (MO), which pay dividends that yield more than 7%, could be solid additions to one’s portfolio. Continue reading. October began with volatile stocks due to uncertainty around possible monetary policy changes as well as supply chain restrictions. The major stock indexes did well after October, which saw a volatile stock market due to uncertainty around monetary policy changes and supply chain constraints. There was also a decrease in initial jobless claims and a drop in COVID-19 cases.

The and S&P 500 closed at record highs on Monday. According to FactSet, of the 23% S&P 500 companies that had reported earnings as of October 22, 84% have exceeded consensus EPS estimates, which is above the 76% five-year average.

Market volatility could increase due to rising inflation and supply chain disruptions. Dividend-paying stocks have the potential to reduce portfolio risk and volatility. We think that they are ideal investments now. Considering the S&P 500’s solid performance and expected market volatility in the near term, it could be wise to add S&P 500 members AT&T Inc. (T) and Altria Group , Inc. (NYSE:) to one’s portfolio. These stocks pay more than 7% in dividends.

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