Coronavirus Correction: 3 Must-Own Dividend Stocks
The coronavirus is smashing stock markets across the globe. In nearly every sector and asset class, valuations are tumbling as investors wrestle with the economic impact of this deadly virus. The offshoot of this "sell first, ask questions later" mentality is that a handful of stocks are getting unfairly punished right now.
Dividend-paying pharmaceutical stocks are a prime example. Pharmaceuticals are one of the few areas of the economy that will likely prove resistant to the painful economic effects of social distancing, making their dividends a fairly safe bet going forward. The same can't be said for airlines, big-box retailers, cruise ships, restaurants, or even a fair number of tech stocks. As such, pharmaceutical companies that pay an above average dividend should prove to be a safe harbor from the coronavirus fallout, once everything is said and done.
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Source Fool.com
