Concerned About a Recession? These Dividend Stocks Deliver Durable Growth During Downturns.

Core Insights - Recession-resistant companies, particularly in the utilities sector, maintain stable dividends even during economic downturns [2][12] - Consolidated Edison, NextEra Energy, and Southern Company are highlighted as top utility stocks with strong dividend histories [2][4][10] Company Summaries - Consolidated Edison: - Provides electricity and natural gas services in New York City, generating stable earnings due to government-regulated rates [3] - Increased its dividend for 51 consecutive years, qualifying as a Dividend King [4] - Maintains a conservative payout ratio of 55% to 65% of adjusted earnings, allowing for continued investment in infrastructure [5] - NextEra Energy: - Operates the largest electric utility in the U.S. and has a significant renewable energy portfolio [6] - Achieved a 10% annual dividend growth rate over the past 20 years, with expectations to continue this growth [7] - Plans to invest $120 billion in energy infrastructure over the next four years to support growth [8] - **Southern Company**: - Operates multiple electric and natural gas utilities in the South, generating stable earnings [9] - Has paid dividends for 77 years, increasing payments for 23 consecutive years [10] - Plans to invest$63 billion through 2029 to support growing power demand, targeting 5% to 7% annual earnings growth [11] Industry Insights - Utilities are characterized by recession resilience, as demand for electricity and gas remains stable even during economic downturns [12] - Government regulation of rates allows utilities to maintain stable cash flows, supporting consistent dividend payments [12]