Three Dividend Stocks to Weather Economic Storms

Novartis, Abbott Laboratories, and Visa are three dividend stocks that have what it takes to sustain consistent payout growth over the long term. These companies have proven track records of consistently paying and raising their dividends, which is a key indicator of strong underlying businesses.

Novartis has recently navigated a major patent cliff, but its financial results look strong considering. The company's newer products are helping push sales in the right direction, and it boasts a deep pipeline that will help it continuously develop and launch brand-new products.

Abbott Laboratories has faced slowing sales growth and regulatory problems in recent years, but its core medical device segment is performing well. The company's diabetes care business is a leading player in continuous glucose monitoring (CGM) systems, and there is still a large available opportunity in CGM.

Visa is facing legal issues and increased competition from buy-now-pay-later providers, but it can adapt to the changing landscape in its industry. The company's vast network and strong ecosystem make it hard to knock Visa off its pedestal, and it has a large untapped market that will only expand as e-commerce becomes increasingly popular.