Concerns over a potential slowdown in global economic growth drove a broad market sell-off on July 19, representing the market’s worst day in nine months. Given this backdrop, low-volatility dividend-paying stocks could be the best bet now. Investing in dividend-paying stocks is a popular way to beat market volatility and mitigate portfolio losses.
Johnson & Johnson (JNJ), McDonald’s Corporation (MCD), and Medtronic plc (MDT) are well-established companies that have been paying steady dividends for years. The dividends paid by these companies yield more than 2%. Also, each of these stocks possesses a low beta, indicating that they are less volatile than the broader market.