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Moreover, concerns about high inflation could fuel stock market volatility in the near term. The International Monetary Fund (IMF) has warned that inflation could be persistent. As a countermeasure, the Federal Reserve could raise interest rates as soon as early 2023, but timing regarding the central bank’s tapering activities is still uncertain.
Amid this environment, investors could turn toward dividend-paying stocks to hedge their portfolios against short-term market volatility by ensuring a steady income stream. So, we think it could be wise to scoop up the shares of Broadcom Inc. (AVGO), Linde plc (LIN), and Starbucks Corporation (NASDAQ:SBUX) on their fundamental strength and history of increasing dividends.
