So if the economy does putter out, what should you do with your money? You could do worse than bet on recession-proof dividend stocks. That way your distributions should carry you along with respectable returns even if equities trade sideways for a while. The good news is that the recent market slide has turned some of these income stocks into cash cows. I’ve highlighted three of my favorite recession-proof dividend stocks below...
For all of the talk about the “paperless office,” we still keep plenty of physical documents on hand for legal and practical reasons. That has created a booming business for Iron Mountain Inc (NYSE:IRM). Most people don’t think about the energy patch when searching for recession-proof dividend stocks. Magellan Midstream Partners, L.P. (NYSE:MMP), however, is an exception. It’s a pretty simple story with Atmos Energy Corporation (NYSE:ATO): it’s a well-run natural gas distributor serving more than three million customers. They heat their homes. You get a two percent dividend.
Source: Income Investors
Related Articles:
- 5 Tech Stocks With A History of Growing Their Dividends
- How To Manage Your Dividend Portfolio In A Downturn
- Where To Find Great Dividend Stocks
- How To Know When To Sell A Dividend Stock
- Your Greatest Wealth Building Asset
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