Amid mounting concerns that the Fed will continue hiking interest rates, many investors are seeking ways to shore up their portfolios. Investing in dividend-paying stocks can be a great way to generate predictable returns during times of uncertainty. Our recommendation for today has a long history of paying generous dividends and allows investors to earn a steady income with relatively low risk.
Lockheed Martin (LMT)
Given the recession-proof nature of defense contracting, Lockheed Martin should continue reporting positive results and rewarding shareholders through its quarterly 2.5% forward yield. In other words, LMT will likely stand firm even if the market dives again. The company runs a P/E ratio of 22 times, below the sector median of 28.3 times. As well, LMT features excellent longer-term growth and profitability metrics.
[stock_market_widget type=”accordion” template=”extended” color=”#5679FF” assets=”LMT” start_expanded=”true” display_currency_symbol=”true” api=”yf”]
You might also like:
- Beware Executive Order 14067
- #1 AI Stock for 2024 and Beyond
- Bank plague 2024
- Gates, Bezos, and Buffett invest in AI Keystone
- Congress Just Fast-tracked New A.I. Energy Breakthrough
- Elon Musk: THIS will be bigger than Tesla
- EV charging stations that pay you up to $93/day!
- Legendary Wall Street Stock-Picker Names #1 A.I. Stock of 2024, Live On-Camera
- No 1 Stock to Buy ASAP
- Secret Gold Back currency RUINING Biden’s plans for a digital dollar?