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2 Dividend Blue-Chips Perfect For 2023

2 Dividend Blue-Chips Perfect For 2023

Posted On October 25, 2022 7:58 am
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Most investors, economists, CEOs, and the bond market are confident a recession is coming in 2023. That means potentially another 15% to 20% downside risk for the market.

Consumer staples, healthcare, and utilities historically perform the best in recessions, but healthcare is the best performing defensive sector once the new bull market begins.

This high-yield dividend aristocrat is a perfect high-yield defensive healthcare option today, at a 27% discount to fair value, and 9.9X cash-adjusted earnings.

This 4.4% yielding AA-rated global aristocrat has 97th global percentile long-term risk-management according to S&P and could double in the next five years.

This second healthcare blue-chip offers 15% historical dividend growth. It’s about 10% historically undervalued, and analysts expect decades of market-beating returns in the future, just as it has delivered for the last 19 years, when it’s beaten the S&P while falling 30% less in even the most extreme recessions and market crashes.

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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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