Dividend stocks to buy even if interest rates rise

A gas flare is seen at an oil well site outside Williston, North Dakota.
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A gas flare is seen at an oil well site outside Williston, North Dakota.

Likely interest rate hikes won't be the death knell for a few high-yielding stocks.

Morgan Stanley's recent report "High-dividend stocks to own or avoid as rates rise" picks out the stocks with the highest yields that will do well in the present rising rate environment.

The best three sectors are alternative asset managers, diversified natural gas and midstream master-limited partnerships (MLPs).