Global stock markets edged higher in the last trading session as concerns about the Omicron variant of the Coronavirus faded. However, the market volatility is apparent in the market. For investors looking to hedge against the volatility and secure a stable income stream, dividend aristocrats, AbbVie (ABBV), AT&T (T), and Cardinal Health (CAH) could be reasonable bets.Global stock markets were upbeat in the last trading session on December 8 due to the fading fears about the omicron variant of the coronavirus. Moreover, the United States 10-year Treasury yield has also edged higher for a third straight day, rising above 1.5% for the first time in the week. However, the World Health Organization (WHO) also warned that it is too early to understand the severity of the new variant and the effectiveness of the current vaccines against it. “There is a suggestion that there is increased transmissibility,” WHO official Maria Van Kerkhove said.
Even if the stock market edged higher, the market volatility is apparent. CBOE Volatility Index (VIX) is up more than 15% over the month. Additionally, slow job growth in November is not likely to deter the Fed’s plan of an interest rate hike next year.
Investors looking to hedge against the market volatility and secure a stable stream of income could invest in these high-yielding dividend stocks of AbbVie Inc . (NYSE:ABBV), AT&T Inc. (T), and Cardinal Health Inc. (NYSE:CAH). These stocks are positioned in the current S&P 500 dividend aristocrats list.