Just this week, investors received both the Producer Price Index (PPI) and Consumer Price Index (CPI) reports for September. Diving in, on Wednesday, the Producer Price Index reported a surprise increase in inflation. For the month of September, PPI data came in at 8.5%. This is compared to estimates, which were 8.4%. Meanwhile, today all eyes are on the Consumer Price Index or CPI inflation data.
On Thursday morning, the U.S. Bureau of Labor Statistics reported that CPI over the last 12 months, the all items index increased 8.2% prior to seasonal adjustments. Meanwhile, Core CPI was reported at 6.6% in September. Both of these results were higher than analysts’ estimates. As a result, all major stock market indexes have fallen on Thursday, while the S&P 500 drops to its lowest levels since 2020. In light of this new inflation data, we could see investors starting to pay closer attention to dividend stocks.
With this in mind, here are three top dividend-paying stocks to check out in the stock market today.
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