Tame Inflation Signals More Rate Cuts: 7% Dividend Stocks To Buy Now

"The recent inflation reading of 3% represents moderate price growth, which is above the Federal Reserve's long-term target of 2% but well below the elevated rates seen in 2022 and early 2023. At this level, inflation indicates that the general price level of goods and services has increased by 3% compared to the same period a year earlier, affecting consumers' purchasing power and potentially influencing central bank policy decisions."

"We decided to screen our 24/7 Wall St. blue-chip dividend stock database, looking for companies that yield 7% or more but are always forgotten by growth and income investors. Four stocks hit our screen, and once our readers realize they also have forgotten about them, it might be time to take a closer look. All are Buy-rated at top Wall Street banks. High-yield dividend stocks offer investors a reliable source of passive income. Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence."

"Apple Hospitality REIT owns one of the largest portfolios of upscale, select-service hotels in the United States. Apple Hospitality REIT, Inc. is a publicly traded real estate investment trust that pays a solid 8.18% monthly dividend and stands out in the market with its unique offering. The Company comprises 224 hotels with more than 30,066 guest rooms across 87 markets in 37 states, plus one property leased to third parties."

Inflation at 3% reflects moderate annual price growth above the Federal Reserve's 2% objective but well below the peaks of 2022 and early 2023. The 3% reading came in under expectations of 3.1% and may raise market expectations for additional Fed rate cuts later this year, potentially lowering the Fed Funds rate toward the mid-3% range if cuts total 50 basis points. Screening identified four blue-chip dividend stocks yielding 7% or more that are overlooked by many investors. Apple Hospitality REIT yields 8.18% monthly and owns 224 hotels with over 30,066 rooms across 87 markets in 37 states.

Read at 24/7 Wall St.