The stock market had a rough time in 2022, with the highly
tremulous macroeconomic environment spooking investors and inducing a stormy
bear market. At Sure Dividend, we are highly focused on stocks with strong
dividend growth prospects.
Due to uncertainty remaining quite elevated and the
possibility of a looming recession in 2023 being rather noteworthy, we have
identified several recession-proof stocks whose dividend prospects should
remain rock-solid if the current bear market persists.
As a reminder, recession-proof stocks are stocks that are
considered to be less vulnerable to economic downturns and recessionary market
environments and, therefore, may be less affected by elevated volatility in the
capital markets. Of course, there is no such thing as a totally recession-proof
stock, as all types of securities are subject to some degree of market risk.
Nevertheless, some stocks may be less sensitive to harsh
economic conditions and, therefore, may be less likely to experience as much of
an impact in their financial performance during a recession. Consequently,
dividend-paying, recession-poof stocks should enjoy better longevity qualities
when it comes to their payouts.
In this article, we are examining 12 dividend stocks covered
in our Sure Analysis Research Database, whose recession-proof characteristics
should enable them to keep growing their dividends in a bear market and beyond.
In fact, all 12 stocks featured here have been assigned an A
rating in their Dividend Risk Score. They also feature a track record of at
least 15 years of consecutive annual dividend increases, meaning they have
already proven their ability to withstand harsh economic environments,
including the Great Financial Crises and, most recently, the COVID-19 pandemic.
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