2 “Strong Buy” Dividend Stocks Yielding at Least 8%

2022 is here and according to the analysts we’re in for a bumpy ride – at least initially. In a recent Bankrate survey, 70% of the top experts polled indicated they believe an S&P 500 correction is in the cards sometime over the next 6 months, with a 10%+ drop anticipated.

While various reasons behind the expected pullback were noted, recurring themes included rising interest rates and stocks’ overheated valuations. The decline will bring the bull market’s almost continuous run since the pandemic-driven March 2020 lows to a halt. On the other hand, the good news is that all participants said they believed that by the end of 2022, the S&P will be back to winning ways, with the index expected to see out the year boasting 8% growth – just under the historical average.

Nevertheless, this sort of near-term warning signals it is time for some defensive plays, and this will naturally bring us to dividend stocks. These are the stocks which will ensure a steady income no matter the day-to-day market swings and protect the portfolio against any incoming volatility.

With this in mind, we delved into the TipRanks database and homed in on two names that fit a particular profile; a Strong Buy rating from Wall Street’s analysts and a market beating dividend yield of at least 8%. Let’s take a closer look.

Ready Capital Corporation (RC)

First up we have Ready Capital, a real estate investment trust (REIT). REITs exist to acquire, own, lease, and manage various real properties, including residential, commercial, and industrial assets. The companies derive their income from leasing and sales activity, and are required by tax regulations to return a specific, high percentage of profits directly to investors. Dividends are a common mode for compliance.

Ready Capital lives in the commercial real estate segment, where it focuses more on commercial real estate loans than physical properties. Ready will acquire such loans, but will also originate, finance, and service small- to medium-balance commercial real estate loans. The larger part of Ready’s business is financing such…

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