Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Want To Invest Like The World's Largest Hedge Fund? 2 High Yielders That Are Recession Proof

Stock Markets Sep 21, 2022 16:11
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Want To Invest Like The World's Largest Hedge Fund? 2 High Yielders That Are Recession Proof

With macroeconomic conditions remaining uncertain, billionaire Ray Dalio called for a 20% downside in equities if the Federal Reserve raises interest rates to 4.5%.

His hedge fund, Bridgewater Associates, holds some 985 positions. The dividend stocks mentioned below are Dalio’s top two positions.

Considering Bridgewater is the world's largest hedge fund with $154 billion in assets under management, and Dalio ties with Rocket Companies (NYSE: RKT) co-founder Daniel Gilbert among the richest billionaires with a net worth of $22 billion, investors would be wise to follow his lead:

  • Procter & Gamble Co. (NYSE: PG) is offering a dividend yield of 2.64% or $3.65 per share annually, using quarterly payments, with a dividend king track record of increasing its dividends for 66 years. The company's lineup of brands (i.e., Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers) includes more than 20 that generate north of $1 billion each in annual global sales. Procter & Gamble returned nearly $19 billion of value to shareholders in fiscal 2022 via $8.8 billion in dividend payments and $10 billion of share repurchases.
  • Johnson & Johnson (NYSE: JNJ (NYSE:JNJ)) is offering a dividend yield of 2.74% or $4.52 per share annually, making quarterly payments, with a stellar track record of increasing its dividends for 60 years. The world's largest and most diverse healthcare firm operates in three divisions (pharmaceutical, medical devices and diagnostics, and consumer). On Sept. 14, Johnson & Johnson announced that the board of directors has authorized the repurchase of up to $5 billion of the company's common stock.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Want To Invest Like The World's Largest Hedge Fund? 2 High Yielders That Are Recession Proof
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email