Recent market volatility has been fueled by rising crude oil prices and concerns over a potential interest rate hike by the Federal Reserve. Investors are particularly wary due to ongoing tensions in the Middle East, especially related to the U.S.-Iran conflict, which has contributed to a climate of uncertainty. Inflation continues to challenge the Federal Reserve, whose ability to stabilize the economy may be further compromised if the conflict persists.
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In this tense environment, conservative investors might look towards dividend-paying stocks as a means to secure reliable income and some stability amid market fluctuations. Here are three companies that have recently increased their dividends: Avient Corporation (AVNT), Bank OZK (OZK), and American Financial Group, Inc. (AFG).
The markets have experienced sustained volatility over recent months as worries surrounding inflation and a slowing economy persist. Oil prices have remained elevated following the outbreak of war between the United States and Iran, with minimal progress in peace negotiations. The Federal Reserve's efforts to curb inflation faced additional complications as oil prices surged, prompting a quarter percentage point interest rate hike during its September meeting. Despite this, inflation remains significantly above the targeted 2% threshold.
Further concerns escalated when President Donald Trump indicated no intentions to negotiate an end to the conflict with Iran, with reports suggesting plans for considerable military actions. Investors are anxious that another potential interest rate increase by the Federal Reserve at its October meeting could further impact consumer spending.
Avient Corporation specializes in color, additives, inks, engineered polymers, advanced composites, and performance fibers. With a presence in various sectors, including healthcare and telecommunications, Avient operates from 98 manufacturing sites globally. The company currently holds a Zacks Rank of #3 (Hold). For additional investment opportunities, a comprehensive list of Zacks' #1 Rank (Strong Buy) stocks is available.