5 Dividend Stocks to Buy Amid the Market Decline

1. JPMorgan Chase & Co. (NYSE:JPM)

Dividend Yield as of 10/17: 3.45%

Number of Hedge Fund Holders: 104

Although it doesn’t have as long of a history of raising its annual dividend as some other stocks on this list, JPMorgan Chase & Co. (NYSE:JPM) still ranks #1 on our list of 10 Dividend Stocks to Buy Amid the Market Decline.

Due to the Great Recession, JPMorgan Chase & Co. (NYSE:JPM) had to cut its annual dividend and the bank couldn’t raise its dividend until a few years later.

Since 2012, however, JPMorgan Chase & Co. (NYSE:JPM) has increased its annual dividend every year and the stock now yields 3.18%. Although its stock could decline further in an economic recession due to write downs affecting earnings, JPMorgan Chase & Co. (NYSE:JPM) remains arguably the strongest of the big 4 banks and the stock has upside in terms of the long term.

104 hedge funds in our database owned shares of the stock at the end of Q2 2022.

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