3 No-Brainer Dividend Stocks to Buy Right Now
With the S 500 looking historically expensive at 31 times earnings, it's a good time to buy a few defensive dividend stocks to hedge against a market crash. These stocks might also swoon during a downturn, but they'll reward patient investors with steady income. If you reinvest those dividends, you'll also accumulate more shares at lower prices.
The healthcare sector is a good place to find stable dividend stocks, as the market leaders usually generate ample cash and are well insulated from macro headwinds. These three pharma giants check those boxes and are arguably no-brainer income plays right now: AbbVie (NYSE: ABBV), Johnson & Johnson (NYSE: JNJ), and Pfizer (NYSE: PFE).
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Source Fool.com
AbbVie Inc. Stock
€224.60
0.000%
The stock is an absolute favorite of our community with 42 Buy predictions and no Sell predictions.
As a result the target price of 228 € shows a slightly positive potential of 1.51% compared to the current price of 224.6 € for AbbVie Inc..
