Here are 10 steady dividend stocks investors can use to counter surging inflation

Published Tue, Apr 26 20221:14 PM EDT

As inflation surges to its fastest pace in nearly 40 years , CNBC Pro found several stocks that are generating solid dividends for investors and offering a steady ride amid volatile markets. Investors are searching for dividend stocks that might offer income to counter the inflation continuing to weigh on markets in April. This week, stocks continued their up-and-down moves, with the Dow Jones Industrial Average sliding on Tuesday after jumping more than 200 points on Monday. The Dow had previously declined for four straight weeks as bond yields rose and inflation climbed. CNBC Pro found 10 stocks that offer investors hefty cash payouts, according to data from FactSet. Beyond the dividend yield, these companies also offer lower risk, with a beta less than 1, and a debt-to-capital ratio under 60%. These stocks are also beating the market so far this year. Here are 10 stocks that offer investors steady dividends: AT & T remains a top dividend-paying stock even after the telecommunications company cut its annual dividend nearly in half earlier this year. The wireless carrier offers a robust 5.7% dividend yield and has beaten the market this year with a 5% return. It also has a low 0.6 beta, and a debt capital ratio of 55%. "I think we're a dividend competitor moving forward, meaning I want the dividend to remain at a competitive level relative to others out in the market," John T. Stankey, chief executive officer, said on AT & T's earnings call this month. M & T Bank is expected to generate a dividend yield of 2.8%. Shares of the regional bank advanced roughly 13% this year. M & T, which closed on its $8.2-billion purchase of People's United Financial earlier this month, also has a below-market beta of 0.8 and a total debt/capital ratio of 18%. Last week, M & T Bank's stock price popped more than 8% after Buffalo-based lender topped earnings expectations and disclosed strong forward guidance. One Piper Sandler analyst called M & T the "poster child" for asset sensitivity. Newell Brands , the maker of Rubbermaid storage containers, has a dividend yield of 4%. Shares of the consumer stock gained 6.5% this year. It also has a low beta of 0.7, and a total debt/capital ratio of about 57%. Other stocks that generate steady dividends include Allstate , Newmont , Intel , Corning , Texas Instruments , Medtronic and Camden Property Trust .

Intel's logo is pictured during preparations at the CeBit computer fair.

Fabian Bimmer | Reuters

As inflation surges to its fastest pace in nearly 40 years, CNBC Pro found several stocks that are generating solid dividends for investors and offering a steady ride amid volatile markets.

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