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Dividend growers beat the market during times of rising rates, BMO says

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An employee opens a bottle of PPG clearcoat coating liquid ahead of a paintwork demonstration inside PPG Industries Inc.'s automotive coating's technical center in Ingersheim, Germany.
Krisztian Bocsi | Bloomberg | Getty Images

The quick climb for interest rates doesn't mean that investors have to abandon dividend paying stocks, according to BMO chief investment strategist Brian Belski.

The benchmark 10-year Treasury yield set another 52-week high on Friday, rising as high as 1.64%. That may be unnerving to some investors who hold dividend stocks, whose payouts look less attractive as bond yields rise.

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