Goldman Sachs names 4 inflation-busting high-dividend stocks for next year

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Goldman's buy-rated stock picks are expected to yield more than 8% next year.

Shares of large, cash-rich companies have benefitted from a slowing growth environment this year while the broader market has sold off. The iShares Select Dividend ETF — composed of high-dividend-paying U.S. stocks — reflects this trend. It is up 1.63% this year compared to the 17.2% decline in the S & P 500 ETF over the same period.

Goldman expects Madrid-headquartered Banco Bilbao Vizcaya Argentaria to increase its dividends to 8.2% next year from its current 6.48%. The median analyst price target on the stock also gives it 30% upside from current levels, according to FactSet. The world's second-largest shipping company is also a Goldman favorite for high dividend yields. AP Moller-Maersk , which moves nearly a fifth of all container goods worldwide, is expected to payout 9.3% in dividends next year.

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