Investors looking for safety amid the market turbulence can find it in certain dividend stocks, according to BMO Capital Markets. In fact, BMO is expecting increased bouts of volatility in the coming months. While the major averages were modestly higher on Wednesday, stocks sank on Tuesday as the 10-year Treasury yield hit a 16-year high .
The energy stock is down nearly 6% so far this year, but has moved higher in the past three months along with the price of oil. Last week, U.S. West Texas Intermediate crude futures reached their highest level in more than a year before shedding some of those gains. Investors can also get an attractive dividend in Starbucks , which yields 2.5%. The coffee giant reported fiscal third-quarter same-store sales that missed estimates in August, but it beat on earnings.
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Stock Market Today: Treasury yields extend spike with stocks at 4-month lowsWith Treasury yields rising, and market volatility gauges surging, stocks are set for another rough ride Wednesday with ADP jobs data in focus.
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