|Bid||0.00 x 800|
|Ask||36.00 x 800|
|Day's Range||34.34 - 35.27|
|52 Week Range||30.93 - 41.95|
|Beta (5Y Monthly)||0.79|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.28 (3.68%)|
|Ex-Dividend Date||May 27, 2022|
|1y Target Est||41.07|
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According to Dow Jones Market Data, the S&P 500 fell 21% in the first half of 2022. Many individual stocks are down far more than 21% as the bear market has been particularly painful for growth stock investors. Watsco (NYSE: WSO), Lockheed Martin (NYSE: LMT), and Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) are three dividend stocks that can outlast a prolonged bear market.
Is a recession coming? Ark Invest CEO Cathie Wood thinks that one has already arrived. Economists surveyed by The Wall Street Journal put the odds of a recession over the next 12 months at 44%. Federal Reserve chairman Jerome Powell recently said that a recession is "a possibility," although the Fed is trying to avoid causing one with its interest rate hikes.
On the journey to growing wealth through dividend investing, identifying tickers to form the foundation of your portfolio is a good first step.