Investors increasingly look to stocks that produce income

Investors increasingly look to stocks that produce income

Investors are rushing to companies promising regular payouts to shareholders, a sign of Wall Street’s hunger for cash in hand as the Federal Reserve raises interest rates and major stock indexes struggle.

They are turning to companies such as AT&T Inc. and cigarette-maker Altria Group Inc. as the broader market endures one of its most volatile stretches of the past decade. Worries about rising interest rates, sky-high inflation and slowing growth turned the stock market upside down, leading many investors to ditch the highflying companies that dominated over the past decade—firms that often pay no dividend or only a small one. 

There Is a Rush for Cash on Wall Street – WSJ