Goldman's dividend growth portfolio is doubling the market's return. Here are the stocks in it

2020 is turning out already to be a volatile year with the coronavirus catching investors off guard , sending major stock averages on a roller coaster ride and bond yields diving. Goldman

Sachs has a portfolio of dividend stocks for investors who want a smoother ride and it's topping the market as well. The bank is touting to clients a portfolio that tracks stocks with

high dividend growth. It is doubling the S & P 500 's returns so far this year and is the best performing basket among the 46 portfolios Goldman created exclusively for its clients.

This winning basket consists of 50 stocks with above average dividend yield and the fastest expected dividend growth, according to the bank's note to clients explaining the

portfolios' constructions. These stocks will raise their dividends by an annualized rate of 9% through 2021, compared to the S & P 500's median dividend growth rate of 5%,

Goldman analysts estimate. The basket pays a dividend of 3.5%, versus the S & P 500's 1.9% and much higher than the current 10-year yield of about 1.6%. The portfolio has returned

6% so far in 2020, beating the S & P 500's 3% gain. "The basket has a large-cap bias because larger firms are more likely to pay dividends," David Kostin, Goldman's

head U.S. equity strategy, said in a note Wednesday. "Investors should use this basket to identify stocks returning cash to shareholders through strong dividend growth and high dividend

yields." This dividend basket also has a track record of beating the market. Since its inception in 2006, the portfolio has returned more than 250%, more than the 201% the S & P

500 has gained, according to Goldman. Some of the stocks in the 50-stock basket include AT & T , biopharmaceutical company AbbVie and auto parts manufacturer Cummins . IBM is also one of

Goldman's picks for the portfolio. With a dividend yield of 4.1%, IBM has soared more than 16% this year alone on the back of strong earnings. The company also issued

better-than-expected full-year guidance recently. Meanwhile, Molson Coors Beverage , a brewer with a $12 billion market capitalization, also has a high dividend yield of nearly 4%. The stock

has outperformed the market this year, up 7.7%. AT & T, however, slightly underperformed the market in 2020, after reporting a revenue miss in the fourth quarter. The stock fell about

2% this year. Still, some Wall Street analysts remain bullish on the stock. Bank of America named AT & T as one of the top ideas for the quarter ahead, betting on its "accelerating

earnings growth on new cost cutting initiatives and stock repurchases." And it pays a 5.5% dividend.