This pandemic has presented the global economy with an unprecedented challenge. The level of globalization, ease of travel from one country to another and the ensuing shutdowns contributed to the sharpest economic decline the developed world has ever seen. Many stocks have recovered, however, in the year since the Covid-19 crisis broke. Now, I believe that these three stocks in particular are well-positioned to benefit from a continued economic recovery in 2021. Even better, they all pay dividends and have higher yields than the broader market.
Finally, all of these dividend stocks are also popular holdings for some of the world’s most influential institutional investors. For example, these picks are all held in the Bill Gates Foundation’s portfolio. All told, these names have safe payouts and will benefit greatly from the recovery coming in 2021 and beyond: United Parcel Service (NYSE:UPS), Caterpillar (NYSE:CAT) and Waste Management (NYSE:WM).
Source: InvestorPlace
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