{"id":56038,"date":"2023-09-02T04:52:22","date_gmt":"2023-09-02T08:52:22","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/these-13-dividend-aristocrats-are-solid-bets-for-a-recession\/"},"modified":"2023-09-02T04:52:25","modified_gmt":"2023-09-02T08:52:25","slug":"these-13-dividend-aristocrats-are-solid-bets-for-a-recession","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=56038","title":{"rendered":"These 13 Dividend Aristocrats Are Solid Bets for a Recession"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000734044\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>In uncertain economic times, certainty has a welcome spot in investor portfolios.<\/p>\n<p>But even within value names, some are more recession-proof than others. One strategy is to look at companies that have recently been able to grow their dividends. Increasing payouts at a time when other companies fear that cash is scarce is surely a sign of confidence. Even better would be to stick with so-called \u201cdividend aristocrats,\u201d or companies that have been able to raise their dividends for 25 consecutive years.\u00a0<\/p>\n<div class=\"paywall\">\n<p>While the economy\u2014and market\u2014have proved to be resilient this year in the face of recession worries, many on Wall Street still fear that danger lurks around the corner. Interest rates are likely to stay higher for longer, many on The Street concluded following Federal Reserve Chair Jerome Powell\u2019s speech at Jackson Hole last week. That\u2019s eventually going to put pressure on growth-oriented stocks, presumably making value-oriented names more attractive.<\/p>\n<p>\u201cThis cohort of stocks has outperformed heading into and out of recessions historically,\u201d Chris Senyek, chief investment strategist at Wolfe Research, wrote Thursday. As a group, dividend aristocrats yield 2.5.%\u2014not a super-exciting yield when short-term Treasury bills yield more than 5% but still a secure spot. The dividend aristocrats\u2019 price-to-earnings ratio relative to the S&amp;P 500 is roughly 0.95x, slightly below 10-year average of 1.03x, implying that the stocks look cheap.<\/p>\n<p>Within the S&amp;P 500 there are 67 dividend aristocrats with nearly half of the names coming from the industrial and consumer staples sectors. Investors who hope to narrow down that list may want to look at companies that are dividend aristocrats that have also bought back shares in each of the last 10 consecutive years\u2014basically doubling down on returning capital to shareholders.\u00a0<\/p>\n<p>Senyek identified 13 companies that meet the mark on this metric: Lowe\u2019s (ticker:<br \/>\n        LOW<br \/>\n      ),<br \/>\n        Genuine Parts<br \/>\n       (GPC),<br \/>\n        Walmart<br \/>\n       (WMT),<br \/>\n        Colgate-Palmolive<br \/>\n       (CL), Aflac (AFL),<br \/>\n        Cardinal Health<br \/>\n       (CAH),<br \/>\n        Expeditors International of Washington<br \/>\n       (EXPD),<br \/>\n        C.H. Robinson Worldwide,<br \/>\n       (CHRW),<br \/>\n        Emerson Electric<br \/>\n       (EMR),<br \/>\n        A.O. Smith<br \/>\n       (AOS),<br \/>\n        Illinois Tool Works<br \/>\n       (ITW),<br \/>\n        W.W. Grainger<span>,<\/span><br \/>\n       (GWW), and<br \/>\n        Automatic Data Processing<br \/>\n       (ADP).<\/p>\n<p>On average these companies have a dividend yield of 2% and a buyback yield over the last 12 months 5%. While the pace of buybacks could change, historical data would imply a total yield of 7%.<\/p>\n<p>That\u2019s something for investors to get excited about.<\/p>\n<p>Write to Carleton English at carleton.english@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/companies-buying-stock-increasing-dividends-8cbe6858?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In uncertain economic times, certainty has a welcome spot in investor portfolios. But even within value names, some are more recession-proof than others. One strategy is to look at companies that have recently been able to grow their dividends. Increasing payouts at a time when other companies fear that cash is scarce is surely a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-56038","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>These 13 Dividend Aristocrats Are Solid Bets for a Recession | iFintechWorld<\/title>\n<meta name=\"description\" content=\"In uncertain economic times, certainty has a welcome spot in investor portfolios. 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