3 No-Brainer High-Yield Dividend Aristocrat Buys During This Market Slide

3 No-Brainer High-Yield Dividend Aristocrat Buys During This Market Slide

Posted On September 30, 2021 3:17 am

The 28% overvalued market is priced for nothing ever going wrong again. Today there are nine risks that could bring about a 10% to 20% correction.

The biggest short-term risk is the debt ceiling drama that economists such as Moody’s think could bring about another Great Recession.

The good news is that the prospect of 9 million job losses and a 33% market crash wiping out $15 trillion is so horrible that it’s not likely to actually happen.

However, it might take a 10% to 20% rapid slide in stocks to force Congress to do its job and prevent the stupidest recession in history.

Today three blue-chips represent three defensive high-yield aristocrats you can buy at 2% to 24% discounts, that offer 3.9% to 7.4% very safe yields.

Analysts expect each to at least double in the next 5 years, and all have proven reliable income sources even during the two worst recessions in 75 years.

Starting or adding to a position in each today is reasonable and prudent, as is setting follow-on limits to buy more should we get a December 2018 style correction.

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About author

Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I'm a proud co-founder of Wide Moat Research, Dividend Kings, and the Intelligent Dividend Investor. My work can be found on Seeking Alpha, Dividend Kings, iREIT, and the Intelligent Dividend Investor. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams and enrich their lives. With 24 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams and achieving long-term financial goals.

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