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In today’s uncertain economic climate, investors should take a close look at stable dividend-paying stocks. These stocks provide regular income and security in all market cycles, including recessions. However, no stock is completely risk-free, and even the most stable companies can face unexpected challenges and experience high stock market volatility.
Let’s look at two high-yielding, dividend-paying stocks that have demonstrated the most resilience in the face of economic downturns. These stocks have strong fundamentals, showing their potential to continue paying dividends in an uncertain market.
2 Reliable Dividend Stocks
Coca Cola Co. (NYSE:EAST), a dividend king, is a great bet for any investor looking for considerable liquidity at the lowest level of risk. With a market capitalization of $269.55 billion, Coca-Cola is the world’s largest soft drinks company and has proven to be a stable safe 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 dividend yield of 3.06% 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 increased its dividends for 17 consecutive years and currently offers an eye-watering trailing 12-month dividend yield of 6.74%. The dividend yield has maintained a growth rate of 2.30% 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 with stable dividend income, 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 yield and stability, investors should also consider alternative investments that can offer high returns and diversification. Two such opportunities are Basecamp Alpine Notes and EquityMultiple’s Ascent Income Fund.
Base Camp Alpine Notes offering 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 offer 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 new investors on the EquityMultiple platform, providing new investors with 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 historic distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is an essential investment vehicle for income-focused investors. New 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-yielding alternative 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 all market conditions.
This item 2 Reliable Dividend Stocks and 2 High-Yielding Alternatives to Recession-Proof Your Portfolio originally appeared on Benzinga.com
