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In today’s uncertain economic climate, investors should take a close look at stable dividend-paying stocks. These stocks offer regular income and safety in all market cycles, including recessions. However, no stocks are completely risk-free, and even the most stable companies can face unexpected challenges and experience high stock volatility.
Let’s look at two high-yield dividend-paying stocks that have shown the highest resilience in economic downturns. These stocks have strong fundamentals, which shows the potential to keep paying dividends in market uncertainty.
2 Reliable Dividend Stocks
Coca-Cola Co. (NYSE:KO), a dividend king, is a great bet for any investor looking for considerable liquidity at the lowest level of risk. With a market cap of $269.55 billion, Coca-Cola is the largest non-alcoholic beverage company in the world and has proven itself as a stable safe haven in the most turbulent markets. This dividend gem has increased its annual dividends for the last 60 years. You can buy it now to earn a dividend yield of 3.06% on July 1, 2024. The ex-dividend date is on June 14, 2024.
Verizon Communications Inc. (NYSE:VZ) is another stable and consistent quarterly dividend payer. The company has raised its dividends for 17 years in a row and is currently offering a mouth-watering 12-month trailing dividend yield of 6.74%. The dividend yield maintained a 2.30% growth rate over the past 10 years. Verizon has strong 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 offering a steady dividend income, as the stock has maintained a high yield for the last 17 years, including during the 2008 financial crisis.
2 High-Yield Alternatives
While these dividend stocks offer yield and stability, investors should also consider alternative investments that can provide high returns and diversification. Two such opportunities are Basecamp Alpine Notes and the Ascent Income Fund from EquityMultiple.
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 only $1,000. These notes provide high liquidity and compelling rates with compounding 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 terms.
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The Ascent Income Fund targets stable income 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 cornerstone 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 high-yield alternative investments like Basecamp Alpine Notes and the Ascent Income Fund from EquityMultiple. 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 Guard Your Portfolio Against Recession originally appeared on Benzinga.com