This has been the most traumatic year for dividend investors since 2008, if not longer. Major blue-chip companies have been announcing dividend cuts or suspensions almost every day. Last Tuesday, Disney (NYSE:DIS) joined the crowd with its shocking decision to not pay its dividend for the first half of 2020. And in the high-yield space, it’s been an absolute bloodbath. Whole segments of the market, like energy, mortgage REITs and business development companies have seen their payments shrivel up. It’s looking grim for many dividend stocks.
If you use index funds, that’s a depressing outlook. Meanwhile, inflation keeps ticking on, eroding purchasing power. There’s a solution to this unpleasant forecast: Pick dividend stocks that can maintain their payouts despite the sour economic conditions at present. Here are seven such dividend stocks that are standing tall despite the coronavirus: Johnson & Johnson (NYSE:JNJ), Public Storage (NYSE:PSA), General Dynamics (NYSE:GD), PepsiCo (NASDAQ:PEP), Qualcomm (NASDAQ:QCOM), Colgate-Palmolive (NYSE:CL) and Duke Energy (NYSE:DUK).
Source: InvestorPlace
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