Amid heightened recessionary fears, stocks that offer high and stable dividends are considered a safe haven for investors. Hence, I think quality stocks from top industries Albertsons Companies, Inc. (ACI), Hess Midstream LP (HESM), and ICF International, Inc. (ICFI) that pay reliable dividends, might be ideal buys now.
The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February. Moreover, the unemployment rate ticked lower to 3.5%, the lowest monthly gain since December 2020.
