2023-03-30 05:05:00 ET
While the markets have shown some stability this year, some experts still see more volatility ahead. Investors who want to add defensive stocks to their holdings should consider companies that sell everyday essentials and have already proven to be relatively strong performers over the last year.
McDonald's (NYSE: MCD) and Procter & Gamble (NYSE: PG) both outperformed the S&P 500 index over the last 15 months. Both pay above-average dividend yields and have wide competitive moats that should lead to many more years of dividend increases.
Let's look at each company's dividend record and competitive strengths that make these two stocks solid holdings for 2023 and beyond.
For further details see:
2 Dividend Stocks to Ride Out a Bear Market