These 2 Large-Cap Dividend Payers Outperformed the S&P 500 by Over 20%…

These 2 Large-Cap Dividend Payers Outperformed the S&P 500 by Over 20%…

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During a recession, investors should look for companies with solid fundamentals and strong track records with better than expected earnings developments. These companies are typically defensive investments in sectors such as consumer staples, utilities, industrials, software technologies and healthcare.

Although tech has taken a hit, with the NASDAQ down about 34% year-to-date, this could be a good time to buy oversold tech companies that are poised for a global recession. Software companies tend to do well during a recession as large companies continue to need software services available to them. Here are two large-cap dividend-paying stocks to consider during the downturn.

See also: This billionaire Tesla investor says the Fed’s dollar devaluation is ‘the right thing to do’

Home Depot Inc. HD offers a dividend yield of 2.73%, or $7.60 per share annually, makes quarterly payments and has a remarkable track record of growing its dividends for 12 consecutive years. Home Depot is the world’s largest home improvement retailer, operating more than 2,300 warehouse-style stores in the United States, Canada and Mexico, offering more than 30,000 products in-store and 1 million products online.

During the 2008 financial crisis, Home Depot outperformed the S&P 500 by about 23.9%, according to US News & World Report. Though rising interest rates pose a risk, the U.S. housing market is in a supply tight spot, which benefits Home Depot as “do-it-yourself” and remodeling projects don’t stop.

Accenture plc ACN offers a dividend yield of 1.75%, or $4.48 per share annually through quarterly payments, with a decent track record of increasing its dividends for three consecutive years. Accenture is a leading global IT services company providing consulting, strategy and technology/operations services across a wide range of sectors including communications, media and technology, financial services, healthcare and public services, consumer products,…

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