In a logical world, one would think that with the Federal Reserve raising interest rates throughout the year, rates across the entire Treasury yield curve would rise. In fact, the exact opposite happened. Since mid-June, the yield on benchmark 10-year and 30-year bonds has fallen 23%. In fact, with fed funds now at 2.25% to 2.50%, the 10-year note is less than 20 basis points above the upper limit of the range.
Why does this happen? There are many reasons, but the most important is that the bond market senses that a recession, if it’s not here now despite the empirical data that says so, is definitely on the way, and it could be very ugly. What should income investors do? Look for quality stocks that can survive a turbulent market and pay big dividends.
We’ve been sifting through our 24/7 search database on Wall St. looking for quality companies that, while perhaps overlooked in some cases, offer solid and reliable dividends. In addition, all are classified Buy through Wall Street.
It is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
With shares trading at just under $10 each, this very well-run company offers a huge total return package. Antero Midstream Corp. (NYSE: AM) owns, operates and develops midstream energy infrastructure. It operates through two segments.
The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.
The Water Treatment segment provides fresh water and offers other fluid treatment services, such as sewage transportation, disposal and treatment, as well as high-speed transfer services.
Investors in Antero Midstream shares receive a 9.35% distribution. Wells Fargo recently raised its target price to $13. The consensus target is $10.50 and shares closed Thursday at $9.63.
ALSO READ: 6 Inflation-Fighting ‘Strong Buy’ REITs With Huge Monthly Dividends
The former telecommunications company went through a long restructuring, cut its dividend and sold or merged underperforming assets. AT&T Inc. (NYSE: T) provides telecommunications, media and technology services worldwide.
The Communications segment offers wireless voice and data communication services and sells handsets, wireless data cards, wireless computing devices with carrying cases and hands-free devices through its own stores, agents and third-party retail stores.