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With the second-largest economy in the world, China, posting weak economic numbers and growing concerns over the weakness in the banking sector, the global equity markets are under pressure this month. Amid the broader weakness, the S&P/TSX Composite Index is down 4% this month.
Given the uncertain outlook, investors can buy high-yielding dividend stocks to earn a stable passive income, irrespective of the market movements. Passive income could help investors to lower the impact of rising prices in this inflationary environment. By investing around $5,000 in each of the below three TSX stocks, investors can earn around $265 every quarter, or over $1,060 per annum.