The benchmark indices have delivered solid performances this month on the back of strong corporate earnings. Alas, however, the upbeat earnings season is not expected to continue. So, for investors seeking to bet on Dow Jones stocks to secure a steady income stream, we think International Business Machines (NYSE:IBM) and Dow (DOW) could be ideal bets. The dividends paid by these stocks yield more than 4%. Read on.Following a winning week, the Dow Jones Industrial Average (DJIA) rose 64.13 points to 35,741.15 for a record close yesterday. Solid third-quarter corporate earnings so far have driven the market to a positive start this week. The major benchmark indices have registered impressive gains this month, with DJIA advancing more than 5% month-to-date.
However, National Securities’ chief market strategist Art Hogan has warned investors of disappointing earnings and missed revenue targets ahead. He cited the headwinds tied to supply chain backlogs, inflation, and worker shortages. “Buckle (NYSE:BKE) your seatbelts,” Hogan said.
Given the expected market volatility in the near term, shares of International Business Machines Corporation ( IBM ) and Dow Inc. (DOW), which offer more than 4% dividend yield, could be ideal additions to one’s portfolio now. These stocks have impressive payout histories and are Buy-rated in our proprietary rating system.