5 Dividend Stocks to Buy Now Before Recession Begins

In this article, we discuss 5 dividend stocks to buy now before recession begins. If you want to read our detailed discussion on analysts’ views about the recession, go directly to read 10 Dividend Stocks to Buy Now Before Recession Begins.

5. The Procter & Gamble Company (NYSE:PG)

Dividend Yield as of August 3: 2.57%

The Procter & Gamble Company (NYSE:PG) is a consumer goods company that sells products that are useful in everyday life. The company announced its fiscal Q4 2022 results in July, generating an operating cash flow of over $16.7 billion with an adjusted free cash flow productivity of 93%. Moreover, it also returned $19 billion to shareholders in FY22, $8.8 billion of which was paid in dividends. At the end of Q4, The Procter & Gamble Company (NYSE:PG) had over $7.2 billion available in cash, while its total assets amounted to over $117.2 billion.

The Procter & Gamble Company (NYSE:PG) holds one of the longest track records of consistent dividend growth, boosting its dividends for the past 66 years. It pays a quarterly dividend of $0.9133 per share, with a yield of 2.57%, as of August 3.

Following the company’s fiscal Q4 2022 results, Barclays set a $154 price target on The Procter & Gamble Company (NYSE:PG) while maintaining an Overweight rating on the shares.

The Procter & Gamble Company (NYSE:PG) experienced an increased hedge fund interest in Q1 2022, as 72 funds in Insider Monkey’s database owned stakes in the company, up from 67 a quarter earlier. These stakes are collectively valued at over $6 billion. With roughly 10 million shares, GQG Partners was the company’s leading shareholder.