In uncertain times, investors often seek stability and protection for their portfolios. Worries about potential market pullbacks and global fluctuations can lead to concerns about the performance of stocks. However, there is a 5-stock portfolio that aims to withstand such challenges while providing a compelling yield of up to 7.3%. These carefully selected stocks prioritize big dividends and have low betas, indicating lower volatility compared to the overall market.

Beta is a measure of investment volatility against a benchmark. A stock with a beta of 1 is as volatile as the market, while a stock with a beta of 0.5 is only half as volatile as the S&P 500. This means that if the market dropped by 10%, these stocks would only be down by 5%, offering some protective cushion, particularly in bear markets.

One such stock is Amcor (AMCR), which operates in the cyclical materials sector. Although it is typically exposed to economic fluctuations, Amcor stands out due to its diversified packaging products for consumer and healthcare companies. Recent cost-cutting measures and an uptick in volumes have boosted AMCR's shares, making it an intriguing option. With a yield close to 5% and low five-year and one-year betas of 0.87 and 0.43, respectively, Amcor offers both yield and stability.

Northwest Bancshares (NWBI) is another stock that strikes a balance between cyclical exposure and defensive characteristics. NWBI is the holding company for regional financial institution Northwest Bank, which operates across several states. With superior capitalization and a comparatively lower-risk loan profile, NWBI has the potential to fade market downturns while capturing upside during bullish periods. Despite its higher yield approaching 6%, NWBI's dividend has not increased since 2021.

Getty Realty (GTY) presents a unique proposition as a real estate investment trust (REIT) specializing in brick-and-mortar retail properties. While this sector may raise concerns, GTY's tenant mix, including convenience stores and car washes, provides stability. Despite a dividend cut in 2012, GTY has grown its dividend annually since then and delivered a consistent income stream while exhibiting relatively calmer market movements.

Universal Corp. (UVV) operates in the tobacco industry as a supplier rather than a producer. With diversified business segments, including ingredients and agricultural enterprises, UVV offers stability with a five-year beta of 0.79. However, the lack of significant growth potential and slow dividend growth may be drawbacks for some investors.

Rounding off the portfolio is Omega Healthcare Investors (OHI), a triple-net REIT catering to elderly Americans through financing and capital solutions for nursing and assisted living facilities. While senior housing faced challenges during the COVID-19 pandemic, OHI has shown resilience. With a one-year beta of 0.58 and a yield of 7.3%, OHI offers a potentially attractive investment for those considering a low-volatility strategy.

It's important to note that while these stocks prioritize stability and dividend income, their potential for upside gains may be limited. However, for investors seeking protection in a volatile market, this diversified portfolio of low-beta dividend stocks may offer an opportunity to weather uncertainties and generate income.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute financial advice. Please conduct thorough research and consult with a professional financial advisor before making any investment decisions.