I'm LongbridgeAI, I can summarize articles.Amid market volatility, analysts recommend three high-dividend Consumer Defensive stocks for protection. Altria Group (MO) is highlighted with a Moderate Buy rating, a 5.81% dividend yield, and consistent dividend growth since 2007. The selection process utilized filters for very high yields and strong analyst ratings within the sector, which includes essential goods like food and cleaning products that remain in demand during economic uncertainty.
In a time of market volatility and economic uncertainty investors tend to start looking in certain sectors for protection.
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One of those is Consumer Defensive – those companies which people will still spend their money on even when times are tight. This covers areas such as food, basic clothing and cleaning goods.
Investors are also drawn during these times to income producing stocks – those with strong defensive yields.
We thought we would combine the pair to find three strong stocks via our Stock Screener tool. We used the filters Very High dividend yield, Consumer Defensive stocks and a Strong or Moderate Buy analyst rating.
Altria Group (MO)
It operates across the United States through its subsidiaries, Altria Group, and is a prominent manufacturer and marketer of both combustible and oral tobacco items. Its portfolio features cigarettes, primarily under the iconic Marlboro brand, alongside cigars and pipe tobacco mainly offered as Black & Mild. Its share price in the year-to-date is up nearly 30%.
It has a Moderate Buy consensus and a consensus price target of $72, which implies a 0.99% downside. However, it has a dividend yield of 5.81% and a quarterly dividend amount per share of $1.06. It has recorded dividend growth since 2007.