Resilient Dividend Stocks to Ride Out Market Volatility
The stock market is currently trading near all-time highs, but JPMorgan Chase CEO Jamie Dimon is warning about potential 'meaningful disruptions' due to geopolitical conflict, inflation, and elevated debt levels. To mitigate this risk, investors may want to consider high-yield dividend stocks with resilient businesses.
Three such stocks are Enterprise Products Partners (NYSE: EPD), Realty Income (NYSE: O), and PepsiCo (NASDAQ: PEP). These companies have a long history of paying dividends, with Enterprise having increased its annual distributions for 28 years, Realty Income for 31 years, and PepsiCo, one of the world's largest consumer staples businesses, boasting an impressive 53-year track record.
Enterprise Products Partners has the highest yield at 5.6%, thanks to its collection of energy infrastructure assets that charge fees for use rather than relying on oil and gas prices. Realty Income's 5.3% yield is backed by a massive portfolio of single-tenant net lease properties, which reduces expenses and risk.
PepsiCo, with its 4.3% yield, has successfully navigated headwinds in the past and is likely to do so again due to its diversified business and industry-leading positions in beverages, snacks, and packaged food products.