The chances of the economy heading into a recession are rising due to the high benchmark interest rate and an expected credit crunch due to tighter lending standards.
In an uncertain macroeconomic environment, dividend stocks could help stabilize one’s portfolio by providing stable dividend payments and capital appreciation in the long term. To that end, it could be wise to add fundamentally strong dividend-paying stocks 3M Company (MMM), Dow Inc. (DOW), and Walgreens Boots Alliance, Inc. (WBA) to one’s watchlist.
