Stable Stocks to Ride Out Market Volatility
When markets are soaring, it's easy to get caught up in the hype and forget about the importance of preparing for potential downturns. Investing in dividend growth stocks with a history of low volatility can help mitigate this risk.
Johnson & Johnson (JNJ) is one such stock, with 64 consecutive years of increasing its dividend payments. The healthcare giant has grown sales by 6.6% year over year and has a market capitalization of $612 billion.
UnitedHealth Group (UNH), another healthcare-focused company, has seen its stock price recover after experiencing temporary setbacks in recent years. Its dividend per share has increased by 271% in the last decade, with a current yield of 2.26%.
Mckesson (MCK) is a pharmaceutical distributor that has also benefited from rising healthcare spending, despite experiencing one significant drawdown from 2015 to 2018.