3 High-Yield Financial Stocks to Buy for Income That Doesn't Depend on Rate Cuts
Inflation is running hot, and rates look more likely to rise than fall, but these high-yielders shouldn't skip a beat on the dividend front.
Overview
After the Great Recession, the world got used to abnormally low interest rates. The headlines are filled with concern about rising rates right now, as the Federal Reserve looks to tamp down inflation. But, in reality, the current rate environment is pretty much returning to the pre-Great Recession norm. Still, this transition period could be tough on companies that have relied on low rates to support their revenues and profits.
To be fair, even the best-positioned finance companies are likely to feel some sting from rising rates. However, some companies are better positioned to navigate the headwind, including Realty Income (NYSE: O), Brookfield Asset Management (NYSE: BAM), and T. Rowe Price (NASDAQ: TROW). Here's why this trio of high-yield stocks could still be worth buying even if rates move higher.
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Originally published at www.fool.com.