1 Recession-Proof High-Yield Dividend Stock for 2020
While the global economy has continued expanding this year, there are several notable soft spots. U.S. manufacturing, for example, has been declining for the past few months, while recent data from the construction sector was also weak. Add that to the uncertainty surrounding the prolonged trade dispute between the U.S. and China, and it's increasing concerns that the global economy could be heading toward a recession. If that happens, the earnings of economically sensitive companies could be under pressure.
Some companies, however, have taken actions to insulate themselves from the ebbs and flows of the global economy. One company that has made its business recession-proof is Brookfield Infrastructure Partners (NYSE: BIP). It will therefore thrive next year even if the economy heads into a recession. As a result, the company will have no problem continuing to increase its 3.9%-yielding payout next year, making it an ideal option for dividend investors to buy if they're concerned about the economy.
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Source Fool.com
