Desiring Durable Passive Income During an Economic Downturn? These Elite Dividend Stocks Have Hiked Their Payouts In Each of the Last 4 Recessions.

Economic forecasters are raising the odds that we could experience a recession in the coming quarters. Goldman Sachs has hiked its recession probability a few times in recent weeks, bumping it from 20% all the way to 45%. Meanwhile, JPMorgan is even more bearish. Its recession model sees a nearly 80% chance the economy goes into a recession, up from 60% not long ago. Recessions tend to cause corporate profits to decline, which drives many companies to cut costs through layoffs and other initiatives. Some co ...