If a Stock Market Crash Is Coming, Investors Will Want to Own This Dividend King
Abbott Laboratories is highlighted as a potential defensive stock for investors concerned about a market downturn due to its status as a 'Dividend King.' The company has consistently increased its dividend for 54 years and maintains a healthy payout ratio.
Why it matters
Investors often look for stable, dividend-paying companies during periods of economic uncertainty to preserve capital and generate income.
With doubts around geopolitical issues combined with the stock market trading near record highs, it's natural to wonder whether a painful sell-off is overdue. If it is, Abbott Laboratories ( ABT -2.59% ) could be one of the best dividend stocks to own through the storm. Abbott is a Dividend King , a company that has increased its dividend for at least 50 consecutive years. In Abbott's case, it has raised its dividend for the past 54 consecutive years.
If the market crashes, Abbott could provide investors with a stable income stream, helping to soften the blow as they wait for a recovery.
The bigger question now is whether Abbott can keep it going.
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