Recession Proof Stocks with Dividends - For Safe Profits in 2024

Investing in recession-proof stocks with dividends is a smart strategy for building a resilient portfolio that can weather economic downturns. These stocks belong to companies operating in essential industries like healthcare, consumer staples, utilities, and defense, which tend to remain stable even during tough economic times. What makes these stocks particularly attractive is their ability to consistently pay dividends, providing investors with a reliable income stream while offering protection from market volatility. We’ll explore some of the top recession-proof dividend stocks, showcasing why these companies are well-positioned to thrive, regardless of economic conditions, and why they make a valuable addition to any long-term investment strategy.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
Johnson & Johnson3.28%79.71%24.51%5.13%0.21%5.83%6.14%
Procter & Gamble2.25%66.12%28.97%8.00%0.29%5.63%4.67%
Coca-Cola3.08%78.28%26.06%10.23%0.40%3.36%5.09%
PepsiCo2.48%75.99%23.55%11.33%0.49%6.63%8.24%
Walmart0.85%33.23%38.93%8.69%0.23%1.85%1.95%
McDonald's2.26%58.34%26.03%-41.46%-1.69%8.26%7.16%
Abbott Laboratories1.90%65.30%34.76%5.04%0.15%12.74%13.80%
AbbVie3.52%212.79%60.84%51.67%0.66%10.52%13.98%
Pfizer6.54%221.76%34.19%1.58%0.05%3.82%5.50%
Merck & Co2.97%63.72%21.58%5.89%0.29%8.26%5.52%
Colgate-Palmolive2.08%56.15%27.10%178.77%8.21%2.85%-0.36%
Kimberly-Clark3.50%62.10%17.79%36.09%2.38%3.37%3.83%
Clorox2.86%167.23%58.86%350.22%2.68%5.05%5.83%
General Mills3.63%56.29%15.29%3.96%0.26%2.89%4.76%
Campbell Soup3.47%81.13%23.06%3.31%0.14%1.12%9.41%
Altria6.96%66.57%9.42%-27.95%-2.72%5.06%7.63%
Philip Morris International3.96%82.53%20.95%-21.25%-0.96%2.74%3.68%
Exxon Mobil3.35%47.99%15.20%1.91%0.14%2.64%4.11%
Chevron4.09%70.19%17.20%1.84%0.10%6.16%4.47%
NextEra Energy2.70%59.48%22.51%3.13%0.14%-15.88%-3.39%
Duke Energy3.63%92.18%20.36%1.79%0.09%2.24%2.77%
Southern3.32%63.19%20.02%2.84%0.15%3.16%3.28%
Consolidated Edison3.44%59.16%18.12%1.53%0.09%2.53%2.79%
American Electric Power3.64%71.42%19.90%793.46%0.14%5.90%5.62%
Dominion Energy4.69%91.87%19.65%1.74%0.09%-4.38%1.73%
Realty Income5.58%291.48%55.49%1.27%0.02%3.00%3.46%
Verizon6.28%114.26%18.33%1.86%0.10%2.02%2.37%
AT&T4.66%90.45%18.95%1.68%0.09%-11.11%-4.72%
3M2.71%55.40%16.72%15.81%0.96%4.81%10.48%
Walgreens Boots Alliance11.04%-14.59%-0.91%0.75%-0.53%2.71%4.99%
CVS Health4.68%66.07%14.27%0.96%0.07%3.89%10.40%
UnitedHealth 1.31%51.26%39.06%5.60%0.16%16.14%21.35%
Medtronic3.30%84.54%25.16%2.23%0.09%13.50%9.60%
Bristol-Myers Squibb4.08%-66.20%-16.42%6.95%-0.36%7.34%2.62%
Johnson Controls International1.78%58.65%32.52%3.44%0.11%7.17%8.84%
Lockheed Martin2.46%45.66%18.41%17.07%0.99%8.18%9.78%
Northrop Grumman1.68%49.22%29.52%4.75%0.16%9.33%11.92%
Raytheon Technologies2.09%67.44%33.49%2.59%0.08%-3.93%0.56%
General Dynamics2.03%41.22%20.75%3.29%0.17%7.54%12.00%
Waste Management1.00%45.06%34.04%11.27%0.36%8.52%6.73%
Republic Services1.01%34.17%34.34%6.03%0.18%7.42%7.60%
Sempra2.73%57.84%19.64%7.31%0.12%-0.06%3.54%
Public Storage3.61%121.41%30.70%6.06%0.19%8.45%8.83%
Federal Realty Investment Trust3.77%124.95%33.16%3.13%0.10%1.44%3.69%
Kimberly-Clark3.50%62.10%17.79%36.09%2.38%3.37%3.83%
Hormel Foods3.60%78.17%22.09%2.19%0.10%7.96%4.93%
Coca-Cola Consolidated1.52%31.78%21.78%8.98%0.38%37.97%17.46%
Molson Coors Beverage2.85%39.17%13.58%0.95%0.07%0.00%2.51%
Tyson Foods3.09%85.50%27.60%1.20%0.04%8.64%23.98%
Conagra Brands5.03%135.38%26.95%1.53%0.06%9.86%3.12%
Church & Dwight1.03%49.84%49.12%6.44%0.13%4.62%-0.27%
Unilever2.96%64.35%21.36%6.99%0.35%0.22%2.84%
Nestlé3.96%69.76%17.65%6.02%0.33%4.73%3.88%
Kraft Heinz5.18%141.82%27.30%0.77%0.03%-8.54%0.00%
Kroger2.01%30.05%15.70%3.40%0.23%15.72%5.99%