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However, according to The Conference Board, the consumer confidence index came in at 113.8 in August, its lowest level since February. COVID-19 cases are on the rise too. So, many still expect the stock market to decline significantly in the near term. Therefore, we think it could be wise to invest now in high-yield quality dividend stocks to secure a steady income stream. British global asset management group Janus Henderson upgraded its global 2021 dividend forecast to $1.39 trillion from $1.36 trillion, just 3% below the pre-pandemic peak.
The high dividend yields and strong fundamentals of PJSC LUKOIL (LUKOY), Dow Inc. (DOW), Coca-Cola FEMSA, S.A.B. de C.V. (KOF), and Vector Group Ltd . (VGR) make them solid picks now. These companies have paid dividends consistently and have an overall A (Strong Buy) rating in our POWR Ratings system.
