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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Leo Sun, The Motley FoolTue, March 3, 2026 at 7:42 PM GMT+1 4 min readBlue chip dividend stocks are usually stable long-term investments, but they lost their luster in 2022 and 2023 as rising interest rates made CDs and T-bills more attractive. However, the Federal Reserve cut its benchmark rate six consecutive times in 2024 and 2025, driving many of those income-seeking investors back toward high-yielding blue chip stocks.More rate cuts could be on the way this year if Trump's nominee to succeed Jerome Powell as Fed chair, Kevin Warsh, takes office in May. The recent geopolitical conflicts could also make blue chip dividend plays more appealing than higher-growth stocks. So if you're looking for a few safe-haven dividend plays to add to your portfolio in this turbulent market, you should consider these two stocks: AT&T (NYSE: T) and Philip Morris International (NYSE: PM).Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »Image source: Getty Images.In 2021 and 2022, AT&T divested DirecTV, Time Warner, and its smaller media assets to abandon its costly dream of building a streaming media empire. By streamlining its business, AT&T freed up more cash to expand its core 5G and fiber businesses while reducing its debt.As a slimmer company, AT&T consistently gained more postpaid phone and fiber broadband subscribers. From 2023 to 2025, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased at a 3% CAGR. It generated $16.6 billion in free cash flow (FCF) in 2025, which comfortably covered its $12 billion in dividends and buybacks.From 2025 to 2028, analysts expect AT&T's adjusted EBITDA to grow at a 4% CAGR as it continues to expand its 5G and fiber segments. Its recent purchase of EchoStar's spectrum licenses should strengthen its 5G networks, while its takeover of Lumen's (NYSE: LUMN) home fiber business will further expand its fiber footprint.AT&T's stock trades at just 7 times this year's adjusted EBITDA and yields nearly 4% in forward dividends. That low valuation and high yield should limit its downside and make it a safe place to park your cash if the market experiences another meltdown. AT&T also generates most of its revenue in the U.S., so it's well-insulated from the recent global conflicts.Philip Morris International was spun off from Altria (NYSE: MO) in 2008. After that split, PMI generated nearly all of its revenue overseas, while Altria remained in the U.S. market. Both companies still own Marlboro, the world's most valuable cigarette brand.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,848.00 -28.00 (-0.41%)Dow Futures48,543.00 -253.00 (-0.52%)Nasdaq Futures25,004.75 -123.50 (-0.49%)Russell 2000 Futures2,616.50 -21.10 (-0.80%)VIX21.15 -2.42 (-10.27%)Gold5,151.50 +16.80 (+0.33%)Trending tickersAVGO Broadcom Inc. 317.53 +3.69 (+1.18%)BTC-USD Bitcoin USD 72,409.27 +3,925.62 (+5.73%)TTD The Trade Desk, Inc. 25.17 +0.17 (+0.68%)HOOD Robinhood Markets, Inc. 82.21 +6.14 (+8.07%)ETH-USD Ethereum USD 2,121.18 +140.21 (+7.08%)PortfolioSign in to access your portfolioSign inTop gainersSTVN Stevanato Group S.p.A. 17.50 +2.77 (+18.81%)GLXY Galaxy Digital 24.34 +3.66 (+17.70%)MRNA Moderna, Inc. 57.80 +7.97 (+15.99%)SSRM SSR Mining Inc. 33.26 +4.33 (+14.97%)COIN Coinbase Global, Inc. 208.93 +26.57 (+14.57%)Top losersIBRX ImmunityBio, Inc. 9.00 -1.00 (-10.00%)EMAT Evolution Metals & Technologies Corp. 8.51 -0.70 (-7.65%)FROG JFrog Ltd. 39.19 -3.05 (-7.22%)BF-B Brown-Forman Corporation 26.26 -1.87 (-6.65%)AXTI AXT, Inc. 39.13 -2.63 (-6.30%)Most activeNVDA NVIDIA Corporation 183.04 +2.99 (+1.66%)PLUG Plug Power Inc. 2.4800 +0.2500 (+11.21%)ONDS Ondas Inc. 10.51 +0.49 (+4.89%)INTC Intel Corporation 45.58 +2.48 (+5.75%)NOK Nokia Oyj 8.15 +0.08 (+0.99%)Top economic eventsEarnings eventsMy earnings eventsEarnings events