With both the Nasdaq and the S&P 500 finishing the miserable first half of 2022 in bear market territory, the smart move for investors is to move capital to safer ground for now. Often when income investors look for defensive companies paying big dividends, they are drawn to the Dividend Aristocrats, and with good reason. The 66 companies that made the cut for the 2022 S&P 500 Dividend Aristocrats list have increased dividends (not just remained the same) for 25 years straight.
With the potential for massive downside still looming, and interest rates definitely going higher, we thought it would be a good idea to look for Dividend Aristocrats that are in sectors that are defensive but that look poised to do well in the second half of 2022.
These seven stocks hit our screens, all of which are Buy rated at top Wall Street firms.
The post We Are in a Recession: 7 Dividend Aristocrats Are the Best Second-Half Ideas appeared first at 24/7 Wall St.