2 Top-Rated S&P 500 Stocks That Pay More Than a 7% Dividend Yield

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The Dow Jones Industrial Average and S&P 500 closed at record highs on Monday. According to FactSet, of the 23% S&P 500 companies that had reported earnings as of October 22, 84% have exceeded consensus EPS estimates, which is above the 76% five-year average.

However, given the supply chain disruptions and rising inflation, the market may witness further volatility. Therefore, since dividend-paying stocks can reduce overall portfolio risk and volatility, we think they could be ideal bets now. Considering the S&P 500’s solid performance and expected market volatility in the near term, it could be wise to add S&P 500 members AT&T Inc. (T) and Altria Group , Inc. (NYSE:MO) to one’s portfolio. The dividends paid by these stocks yield more than 7%.

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