The only certainty is change, and that’s on investors’ minds today, now that the latest inflation data is out. The Bureau of Labor Statistics reported a month-over-month gain in consumer prices, the CPI, of 0.4%, and an annualized CPI rate of 3.7%. The annualized rate was flat from August, and both figures were unfavorable compared to the expectations, which ere 0.3% and 3.6% respectively.
These data points come as economic headwinds are piling up. Oil prices are rising along with the heat in the Middle East, as the Israel-Hamas war shows no sign of letting up, and domestically, interest rates are high, increasing recessionary pressures. All eyes now will turn to the Federal Reserve. The Fed is scheduled to meet on October 31 and November 1, and prior to today the conventional wisdom had the odds of another rate hike at 29%.
With all of this in mind, it’s probably time to consider getting into dividend stocks. These equities offer investors the advantage of a steady passive income no matter how the markets turn.
Bank of America analyst Joshua Dennerlein has tapped two high-yield payers as choices for investors to buy now. According to TipRanks’ database, these are Buy-rated stocks with dividend yields of up to 8%. Let’s take a closer look.
Sabra Health Care REIT (SBRA)
We’ll start our look at high-yield dividend stocks with Sabra Healthcare REIT, a real estate investment trust with a focus on properties related to the medical and health care fields. This is a rich field for a REIT, especially in the post-COVID reality that puts a premium on health care. Sabra, which was founded in 2010 and is based in Irvine, California, manages a portfolio of 426 properties across the continental US and in western Canada.
These properties comprise a well-diversified portfolio, across five main segments of the health care industry. These include skilled nursing and transitional care facilities, which make up 55.7% of the portfolio; senior housing, which makes up 15.4%; senior housing leased, for another 10.5%; behavioral health facilities, at 13.6%; and specialty…
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