Bolster your portfolio with these dividend-paying cash cows as midterms approach
A new market catalyst is on the horizon in the form of midterm elections. ISS Stoxx picked out a few cash cows that may offer some stability.
TL;DR
- ISS Stoxx identified 'cash cow' stocks for portfolio stability ahead of US midterm elections.
- Midterm elections could lead to legislative gridlock, making quality stocks attractive.
- PepsiCo, Bank of New York Mellon, and Visa were highlighted for their profitability and low risk.
- PepsiCo is a Dividend King with a history of increasing its dividend for over 50 years.
- Bank of New York Mellon is seen as capable of navigating a 'higher-for-longer' rate environment.
- Visa is described as a 'quality compounder' in the payments sector with a durable business model.