Surging bond yields have been a pleasant addition to the toolbox of income investors after years of minimal fixed-income returns. But dividend stocks can offer crucial balance and additional income to a portfolio, especially in today’s environment of high inflation.
“You’ve got to get more than just the yield that investment-grade bonds can give you,” says Jenny Harrington, CEO of Gilman Hill Asset Management, who recently added a
United Rentals
(ticker: URI) bond with a 5.5% coupon to some client portfolios.
