24/7 Wall St. looks over and reviews dozens of Wall Street research reports on the hunt for new ideas for its readers. After a review, UBS recently updated its High Conviction list of stocks to buy, and we screened the list looking for the highest dividend-paying stocks that make the grade.

As volatility continues to climb in the stock market, investors that buy quality dividend-paying industry leaders to place in their portfolios stand to weather a market correction much better than those with a momentum stock laden portfolio.

Here are the highest yielding, High Conviction stocks to buy at UBS. All of the stocks on the list are rated as Outperform.

Boeing Co. (NYSE: BA) is still a top name this year on Wall Street, and forward valuation may be the main call at UBS for membership in the High Conviction list. While the company is forging ahead with the new 737 Max and 767 models, continued problems with the 787 Dreamliner still plague the aerospace giant, but at least they look closer to a more complete resolution. Investors are paid a 2.4% dividend. The UBS price target for the aerospace giant is $153. The Thomson/First Call consensus is at $152.20, while the stock closed Friday at $122.58.

Coca-Cola Co. (NYSE: KO) is one of the most recognizable brands in the world, and its biggest shareholder is Warren Buffett. The company raised its dividend by 9% recently, its 52nd annual dividend increase. While sales growth has been sluggish over the past year, UBS believes the company is taking the right strategic action to reinvigorate revenue growth. Investors are paid a solid 3.2% dividend. The UBS price target for the stock is $45. The consensus price target is $43.88. Shares closed Friday at $38.44.

Dow Chemical Co. (NYSE: DOW) is a name to buy for investors in the materials and chemicals sector and is on the High Conviction list. Dow reported strong fourth-quarter results on thicker plastics margins and higher agricultural sales. The chemical giant’s adjusted diluted earnings per share of $2.47 for the full year grew by 31% year over year. Dow also expanded the authorized share repurchase program from $1.5 billion to $4.5 billion. Investors are paid a very solid 2.9% dividend. The UBS price objective is $49. The consensus price target is $49.50. The stock closed Friday at $50.21 a share.

Emerson Electric Co. (NYSE: EMR) is a top name to buy that the UBS analysts feel will be a beneficiary of the expected upturn in capital spending in the second half of this year. The company boasts a solid balance sheet, with a tiny 0.5 debt-to-equity ratio. Plus the dividend is well covered and was recently increased. Investors receive a 2.6% dividend. The UBS price target is $75, its consensus price target is $72.57, and the stock closed at $65.35 on Friday.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) was battered last year as investors fled mining companies, but it is a top materials pick on the High Conviction list. The company is entering the U.S. oil and gas space, which could truly make it a powerhouse, while commodities pricing in its prime mining businesses have increased substantially this year. Investors are paid a 3.9% dividend. UBS has a $42 price target for the stock, and the consensus target is $39.58. The stock closed Friday at $32.31.

J.P. Morgan Chase & Co. (NYSE: JPM) is a High Conviction name to buy in the financial sector. After a difficult 2013 that saw huge government fines and a trading loss scandal, the company is expected to see much calmer waters in 2014. Although it recently has agreed to pay a Bernie Madoff–related $218 million class-action suit, the worst does appear to be behind the company. While some of the provision of the Volcker Rule may limit earnings, other growth areas should help sustain solid profits. The stock pays investors a 2.5% dividend. UBS has a $65 price objective, and the consensus target is $65.48. The stock closed Friday at $60.17.

United Technologies Corp. (NYSE: UTX) is a top industrial name to buy, according to UBS. The company provides high technology products and services to aerospace industries and building systems worldwide. Its segments are UTC Climate, Otis, Controls & Security, UTC Aerospace Systems, Pratt & Whitney and Sikorsky. Investors receive a 2.1% dividend. The UBS price target is $125, and the consensus figure is $126.75. United Technologies closed Friday at $114.58.

Walt Disney Co. (NYSE: DIS) is a top consumer discretionary pick and is pushing hard to gain fans in China. The company has struck a multiyear deal with one of the same Chinese media companies with which DreamWorks has a deal, Shanghai Media Group, to begin producing content specifically for a Chinese audience. Disney is not new to working in China. Disneyland Hong Kong has operated since 2005. Plans for expanded accommodations at this property that could serve more guests appeared as a highlight of the company’s 2013 fourth-quarter results in its parks and resorts segment. Investors are paid a 1.1% dividend. The UBS price target is $93, and the consensus is lower at $82.62. Disney closed trading Friday at $80.35.

With first-quarter earnings soon to be the focus of Wall Street, investors may need to consider an end-of-quarter portfolio checkup. With a potential contentious mid-term election season also not far away, it might be time to add some of the top dividend-yielding stocks to help smooth out volatility for the rest of the year.

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