New Trade for April 14th, 2023

Amid recession concerns, many investors are seeking ways to shore up their portfolio.  Investing in dividend-paying stocks can be a great way to generate predictable returns during times of uncertainty. Our recommendation for today has a long history of paying generous dividends, and offers investors the opportunity to earn a steady income with relatively low risk.

Lockheed Martin (LMT)

Given the recession-proof nature of defense contracting, Lockheed Martin should continue reporting positive results and rewarding shareholders through its quarterly, 2.7% forward yield.  In other words, even if the market dives again, LMT will likely stand strong.  The company runs a P/E ratio of 24 times, below the sector median of 28.3 times. As well, LMT features excellent longer-term growth and profitability metrics.