3 Recession-Proof Dividend-Paying Stocks to Get You Through Coronavirus
The recent COVID-19 outbreak has reminded us all of the appeal of consumer staples stocks. Consumer staples are household products that people use in both good economic times and bad. Not only has the prospect of a global recession increased the appeal of these steady stocks, but various news outlets are even reporting stories of hoarding, with reports of typical household items being completely sold out at certain retailers in some areas.
Over this 11-year bull market, consumer staples haven't seemed especially appealing, with low growth, decent but not super-exciting dividends, and price-to-earnings ratios in the low to mid 20s. However, they're looking much more appealing now, especially since U.S. Treasury rates have plummeted, with the 10-year Treasury note yielding a mere 0.95% as of this writing.
Here are three names that should see increased sales this quarter and that should help get your portfolio to the other side of the crisis.
Source Fool.com
