Top Dividend Stocks to Safeguard Investments in a Weakening Economy in 2024
Quality dividend stocks that can continue raising payouts may hold up well in a weakening economy, according to John Bailer, deputy head of equity income at Newton Investment Management North America. Bailer named three examples of quality dividend stocks held by the BNY Mellon Income Stock Fund: Cisco Systems, International Game Technology, and Everest Group. The fund aims for a dividend yield at least 50% higher than the S&P 500's yield and has outperformed the index for three years. Bailer expects the fund's value focus and dividend focus to provide downside protection in the event of an economic slowdown.
