3 defensive dividend stocks guaranteed to protect you from recession
Because of the high probability that the economy will fall into recession early next year, a focus on stocks that are not subject to the economic cycle is in order. The following trio of dividend stocks could form the foundation of a portfolio and make it more recession-proof.
Procter & Gamble $PG
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer goods companies, with annual sales in excess of $80 billion. It operates a number of leading brands, including more than 20 that each generate north of $1 billion in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar year 2012. Sales outside the U.S. represent approximately 55% of the company's consolidated total, with approximately one-third coming from emerging markets.
Procter & Gamble has been paying dividends…
I hope one day I can have a company with a steady flow of shares
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Hormel has been around for more than 130 years, so it has been through recessions and depressions, world wars, global pandemics and natural disasters.
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how i'am choosing a classy broker?
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Thanks!
pd
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