3 Affordable Dividend Stocks To Buy In High Inflation This October


Things don’t look well at the global front as the world economy slides into a crisis and inflation remains high.

While things are still in control at the moment, there is a high chance that they may exasperate into something which might become uncontrollable later on. Thus, before that, investors are looking for stocks or safer havens to put their money in, to ensure they are safe, even if there is high inflation or there are other problems in the world economy.

If you are an investor looking to invest his/her dollars into stocks for combating inflation, here are 3 affordable dividend stocks to go for.


Aviva (LSE: AV)

An FTSE 100 stock, Aviva (LSE: AV) is the largest general insurer, leading life and pensions provider in the U.K. The company holds a large amount of cash on its balance sheet. Furthermore, its shareholder cover ratio is also above 200%, which is quite above the current regulatory requirements.

Aviva, as a company, has gone through significant restructuring changes, which now add to its profile. It has divested a lot of its divisions overseas. It is also involved in a buyback program to ensure what is coming to the company, comes to the company itself. Aviva, therefore, will grow in the time to come.

With a high dividend payout and consistent stock growth, Aviva stock is a good consider for 2021.


The Coca-Cola Company (NYSE: KO)

The Coca-Cola Company (NYSE: KO) is also another good choice among dividend stocks. The company has paid dividends for 59 years and quite comfortably.

Moreover, for investors who want to put their stocks in a safer stock, going for The Coca-Cola Company (NYSE: KO) is a good choice for the company itself is the parent company of  Dasani, Minute Maid juices, Powerade and many more, which are well established names in the industry.

In the last one year, Coca-Cola stock has been consistent in its performance. From $49 to $54 now, the company stock has risen despite stringent covid-19 conditions.

Coca-Cola is a solid name and a definite go for those who want a safety dividend stock in their investor basket.


Centamin (LSE: CNY)

If you have been missing out on dividend stock and want a good find, Centamin (LSE: CNY) is a good choice.

One of the best dividend stocks to hold in times of rampant inflation, Centamin pays a high dividend yield of 7.4%, which is also above today’s current inflation rate.

Furthermore, Centamin stock trades on a forward P/E ratio of just 10 times today.

However, Centamin is a UK mining company whose shares offer much more than diversification and dividends. It offers stability, growth and prominence in markets as well.

If you are looking for dividend stocks, considering the top 3 for October is a good idea. One of the most popular types of stocks today because of the income they offer on a monthly basis, dividend stocks are a must buy in tough and stringent market conditions.

Furthermore, while there are other companies such as Target, Johnson & Johnson and Realty Income that pay good dividends as well, the above three are our specific choice because of certain factors. These have been stated above.

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