Abbott Stock and More: Top Defensive Dividend Picks for Uncertain Markets

With markets facing crosswinds from inflation readings, Fed decisions, and energy costs, defensive dividend stocks are gaining attention. Investors seeking stability as much as growth may find these companies appealing.

One such stock is Abbott Laboratories (ABT), a global healthcare company with a diversified portfolio of diagnostics, medical devices, nutrition products, and pharmaceuticals. Its mix of essential tests, chronic disease devices, and everyday nutrition brands helps spread risk across different parts of the healthcare system. Operations generate most revenue from Medical Devices at $22.5b, followed by Diagnostic Products at around $10.0b.

UnitedHealth Group (UNH) is another company fitting this profile, with a large US healthcare business combining health insurance and services platforms. It provides coverage, pharmacy benefits, and care delivery to employers, governments, and individuals in the US and abroad. Revenue comes mainly from UnitedHealthcare at $346.5b.

Bunge Global (BG) is also highlighted as an agribusiness and food company that processes oilseeds and grains, supplying essential ingredients to customers worldwide. Its revenue comes primarily from Soybean Processing and Refining at $44.3b and Grain Merchandising and Milling at roughly $29.7b.