4 Top Mega-Cap Stocks Yielding 3% -Breaking
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The stock market remains volatile because of concerns over COVID-19’s spread, disruptions to supply chains, rising inflation and other factors. We think that it might be prudent to invest in quality megacap stocks. Pfizer (PFE), Coca-Cola (KO), Merck & Co. (MRK) and Novartis (NVS). They are projected to provide steady long-term returns and offer dividend yields as high as 3%. Let’s discuss.Though the stock market got a recent boost from solid third-quarter earnings reports and positive economic data, concerns surrounding the continuing spread of COVID-19, high inflation, and supply chain crises have been raising questions about the sustainability of the uptrend.
In addition, the Fed indicated it would likely start cutting $120 million in its monthly Treasury bond and mortgage-backed security purchases. To hedge against market volatility, investors might look for dividend-paying megacap stocks that provide steady income streams.
So, we think it could be wise to invest in mega-cap stocks Pfizer Inc. (NYSE:), The Coca-Cola Company (NYSE:), Merck & Co., Inc. (MRK), and Novartis AG (NVS) because of their market dominance and solid long-term growth prospects. The current yield on their dividends is at least 3%.
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