The Globe and Mail attempts to identify stable Canadian dividend-payers to ride out market volatility in its Wednesday, Jan. 29, edition. The Globe's guest columnist Arjun Deiva writes in the Number Cruncher column that as interest rates decline and volatility increases, high-yield dividend stocks offer an attractive alternative to traditional havens like savings accounts and bonds. They provide a reliable income stream and a buffer against market turbulence, making them appealing for investors seeking stability and growth. Mr. Deiva believes Parex Resources is worth consideration. Parex is a Colombia-focused oil and gas producer. Parex tops Mr. Deiva's screen with an 11-per-cent dividend yield. Despite a 34.2-per-cent negative one-year total return on its stock, owing in part to weather-related flooding at its wells affecting production, Parex's low dividend payout ratio of 25.7 per cent leaves ample room for future dividend increases. Investors should monitor the coming earnings call in February, where they are expected to report a 9-per-cent year-over-year production decline in 2024. The high yield and negative stock performance indicate that these factors may already be reflected in the share price.