WMT company is recession-proof due to its unrivaled power of getting the best prices from its suppliers and selling products which are consumers are unlikely to stop buying in the event of a spending cut. WMT stock has proven over many recessions that it can beat the market by a big margin, as consumers turn to discount retailers on the first sign of recession.
Wal-Mart pays a $0.50-per-share dividend on a quarterly basis, with an annual dividend yield of 2.95%. In the past 10 years, Wal-Mart’s quarterly dividend rate has nearly tripled. In addition to its recession-proof status, Wal-Mart has increased dividends for 42 consecutive years.
Apart from this KO, PG and MSFT are also some of the best dividend stocks.
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