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2 Reliable Dividend Stocks and 2 High-Yield Alternatives to Recession-Proof Your Portfolio
2 Reliable Dividend Stocks and 2 High-Yield Alternatives to Recession-Proof Your Portfolio
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In the current uncertain economic climate, investors should look closely at stable dividend-paying stocks. These stocks offer regular income and security through all market cycles, including recessions. However, no stock is completely risk-free and even the most stable companies can face unexpected challenges and experience elevated stock volatility.
Let’s look at two high-yield dividend-paying stocks that have demonstrated the greatest resilience in economic downturns. These stocks have solid fundamentals, which shows the potential to continue paying dividends in times of market uncertainty.
2 Reliable Dividend Stocks
Coca-Cola Co. (NYSE:Knockout), king of dividends, is a great bet for any investor looking for considerable liquidity with the lowest level of risk. With a market capitalization of $269.55 billion, Coca-Cola is the world’s largest non-alcoholic beverage company and has proven to be a safe and stable haven in the most turbulent markets. This dividend gem has increased its annual dividends for the past 60 years. You can buy it now to get a 3.06% dividend yield on July 1, 2024. The ex-dividend date is June 14, 2024.
Verizon Communications Inc. (NYSE:VZ) is another stable and consistent quarterly dividend payer. The company has raised its dividend for 17 consecutive years and currently offers an eye-watering trailing 12-month dividend yield of 6.74%. Dividend yield has maintained a growth rate of 2.30% over the last 10 years. Verizon has solid fundamentals to support future dividend payments, with a moderate dividend payout ratio of 58% signifying its ability to increase dividends in the future. Verizon is a good buy for investors interested in a safe long-term investment that offers a stable dividend yield, as the stock has maintained a high yield over the past 17 years, including during the 2008 financial crisis.
2 high-yield alternatives
While these dividend stocks offer income and stability, investors should also consider alternative investments that can provide high returns and diversification. Two such opportunities are Basecamp Alpine Notes and EquityMultiple’s Ascent Income Fund.
Basecamp Alpine Notes offer a powerful short-term cash management tool with a target APY of 9.00% over a 3-month term and a minimum investment of just $1,000. These notes provide high liquidity and attractive rates with compound interest, making them an ideal choice for investors looking to build their income-generating portfolio. As a special offer, Basecamp Alpine Notes are exclusive to first-time investors on the EquityMultiple platform, giving new investors a unique opportunity to take advantage of these favorable conditions.
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Click here to put your idle cash to work with Basecamp Alpine Notes.
O Ascension Income Fund targets stable yield from senior commercial real estate debt positions, offering a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a key investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000.
While dividend stocks like Coca-Cola and Verizon Communications Inc. offer yield and stability, investors should also consider alternative high-yield investments like Basecamp Alpine Notes and EquityMultiple’s Ascent Income Fund. By diversifying your portfolio with a mix of dividend stocks and alternative investments, you can create a more resilient and balanced approach to generating income in any market condition.
This article 2 Reliable Dividend Stocks and 2 High-Yield Alternatives to Recession-Proof Your Portfolio originally appeared in Benzinga. with