5 Recession-Proof Dividend Stocks to Bolster Your Portfolio
High inflation, the war in Ukraine and a pandemic that won’t end have all taken a toll on financial markets.
With all signs pointing to the United States economy entering a recession, investors should consider bolstering their portfolios with these five recession-proof dividend stocks.
1. Bristol-Myers Squibb (BMY)
One of the largest pharmaceutical companies in the world, Bristol-Myers Squibb (NYSE: BMY), recently posted positive Q1 2022 financial results. The company’s $1.96 EPS blew away analysts’ expectations of $0.07. Bristol-Myers posted $11.6 billion in revenue, up 4.8% YoY. The company has been raising its dividends for 16 years, including in 2021 when it raised the dividend by 10%; the dividend yield is currently 2.87%.
2. Williams-Sonoma (WSM)
California-based home goods purveyor Williams-Sonoma (NYSE: WSM) is another attractive option for dividend investors. The company’s EPS of $5.42 beat analysts’ expectations of $4.82, while its Q1 revenue grew 9.2% YoY to $2.5 billion. Williams-Sonoma’s current dividend of $0.78 per share was raised by 10% in March, the 16th year in a row that the company raised the dividend. The company’s five-year dividend CAGR stands at 11.9%, one of the highest growth rates in the market.
3. UGI Corporation (NYSE: UGI)
One of the few energy companies down YTD, UGI Corporation (NYSE: UGI), specializes in natural gas and other fossil fuels. UGI’s own AmeriGas, the nation’s leading purveyor of propane. The company has been consistently paying dividends for most of its 140-year existence, including 35 straight years of raising the dividend. UGI’s most recent raise of 4.3% took its dividend yield to 3.37%.
4. 3M Company (MMM)
With their hands in everything from office supplies to healthcare equipment, 3M Company (NYSE: MMM) is one of the most recognizable companies in the world. The company has struggled with supply chain issues during COVID-19, but that has not stopped it from raising its dividend for the 63rd consecutive year. 3M’s 5.38% five-year dividend CAGR, given the significant headwinds they faced over multiple years, demonstrates the underlying strength of the company. At $1.49 per share, the dividend yield stands at a juicy 4%.
5. Leggett & Platt (LEG)
A producer of home and automobile parts, Leggett & Platt (NYSE: LEG) is not widely known among the general public, but it’s very well known among investors. The company recently reported EPS of $0.79, surpassing the consensus estimate of $0.23; it has grown EPS by 14% annually from 2009 to 2019. Leggett & Platt’s dividend recently received a 5% increase to $0.44 per share, yielding 4.42%; this was the 51st consecutive annual raise. The company’s dividend CAGR of 7% since 1999, through multiple downturns in the market, shows that the company can weather the storm and come out better on the other side.
Small Cap News Movers & Winner Deep Dive – By WealthyVC.com
We scan over 10,000 publicly listed stocks across all seven North American exchanges to uncover the market-moving news that actually matters—focusing on high-quality, liquid, growth-oriented companies in sectors attracting serious capital, like AI, blockchain, biotech, and consumer tech.
Each week, we publish Small Cap News Movers, a curated roundup of small and micro-cap stocks surging on meaningful catalysts. We break down what’s driving the move, tap into rumors swirling on social media, and surface sharp insights from both industry experts and retail sleuths.
From this list, we select one standout stock for our Small Cap Winner Deep Dive, released the next day, where we take a closer look at the fundamentals, narrative, and technicals that suggest this winner could keep running.
Powered by our proprietary 4-element, AI-driven analysis system, our goal is simple: cut through the noise, remove the emotion, and help investors dominate the small-cap market with momentum-driven strategies—completely free.
Sign up for email alerts to get the moves before our social media followers.
Read Next: Why Nvidia’s Tech Investments Could Transform the Entire AI Innovation Ecosystem
Join the Discussion in the WVC Facebook Investor Group
Do you have a stock tip or news story suggestion? Please email us at: invest@wealthyvc.com.
Disclaimer: Wealthy VC does not hold a position in any of the stocks, ETFs or cryptocurrencies mentioned in this article.
