Looking for a little more income from your investment portfolio? It may not be a bad idea given the current economic backdrop. While the global economy is coming out of a rough patch caused by the coronavirus contagion, inflation is popping up in a big way in certain areas. And while we don’t know what the future holds, it certainly seems as if several growth-first companies have become a bit riskier as investments than they were just a few months back.
With this in mind, here’s a rundown of three great all-weather dividend stocks that should be able to push through whatever economic headwind awaits on the horizon. In no particular order…
1. JPMorgan Chase & Co.
Dividend yield: 2.2%
JPMorgan Chase‘s (NYSE: JPM) current yield of 2.2% is healthy, but it’s hardly head-turning. Income-seeking investors could certainly find names with bigger payouts right now.
But there’s an important detail that’s not evident in the yield alone. That’s the rate at which the company raises its dividend. Over the course of the past 10 years, JPMorgan’s quarterly payout has improved from $0.25 to $0.90 per share, growing at an annualized clip of 13.7%. That’s huge.
Be aware that this diversified banking and finance name trimmed its dividend pretty significantly in the wake of the subprime mortgage meltdown, and could certainly do so again should the company find itself in similar circumstances. After all, about half of its revenue is ultimately linked to interest rates.