Investors are advised to buy dividend-paying stocks as $6 trillion is ready to be deployed

From Yahoo Finance: 2024-07-31 20:50:53

Investors are set to deploy $6 trillion from money-market funds into dividend-paying stocks as the Fed prepares to cut interest rates in September, according to Bank of America and BMO. Dividend stocks are expected to surge in the second half of the year, offering higher returns than bond funds. Some recommended high-yielding stocks include Abbvie, Chevron, Gilead Sciences, and Walgreens. With over $6 trillion in money market funds, the potential for dividend stocks is significant, especially with the Fed’s anticipated rate cuts. Dividends may play a larger role in returns than price increases in the coming months.



Read more at Yahoo Finance: Wall Street says buy stocks that pay dividends with $6 trillion of cash ready to be deployed