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As the stock market is expected to remain volatile due to the fears related to the new strain, we feel it may be prudent to switch to dividend investing now to ensure a steady income stream. Moreover, it could be wise to pick the stocks from the banking sector, as banks usually perform better in an inflationary environment.
Fundamentally sound dividend-paying bank stocks Citigroup Inc. (C) and Banco Santander S.A (SAN) could be worth adding to your watchlist now. Wall Street analysts expect these stocks to rally 30% or more in the near term.
