With the consensus of a recession in 2023, many investors are looking to capitalize on this by investing in dividend stocks. Dividend stocks are a great way to generate income while being a part of the stock market. When looking for dividend stocks to buy, it’s important to look at the company’s fundamentals, their dividend yield, and their dividend payout ratio. In this article, we will discuss 3 dividend stocks to buy ahead of a recession in 2023.
ZIM Corporation is a diversified business with a strong track record of paying a dividend to its shareholders. ZIM has a dividend yield of 4.8% and a dividend payout ratio of 30%. Its current quarter dividend equates to 47.6% at the share price of $24.78 as of writing. ZIM is a great dividend stock to buy ahead of the 2023 recession due to its strong fundamentals and high dividend yield.
Another dividend stock to buy ahead of a 2023 recession is the Global Food Group. The Global Food Group is a food production and distribution company that has a dividend yield of 5.8% and a dividend payout ratio of 28%. It is a well established company with a strong track record of paying dividends to its shareholders. The Global Food Group is well-positioned to benefit from a recession as food production and distribution are essential services that are not affected by economic downturns.