Investing

5 Top Dividend Stocks to Buy Now Should Still Perform Well If Stagflation Bubbles Up

Hershey

Nobody will stop enjoying chocolate just because the economy turns lousy. Hershey Co. (NYSE: HSY) manufactures and sells confectionery products and pantry items.

The Pennsylvania-based company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums and bubble gums; pantry items, such as baking ingredients, toppings, beverages and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

The company provides its products primarily under the Hershey’s, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Lancaster, Payday, Rolo, Twizzlers, Whoppers, York, Ice Breakers, Breathsavers, Bubble Yum, SkinnyPop, Pirate’s Booty, Oatmega, Paqui and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands.

Hershey stock investors receive a sweet 2.00% dividend. The BofA Securities price target is $192, while the consensus target is $185.74. The stock closed at $181.71 on Tuesday.

JPMorgan

This stock trades at a still reasonable 12.0 times estimated 2021 earnings. JPMorgan Chase & Co. (NYSE: JPM) is one of the leading global financial services firms and one of the largest banking institutions in the United States, with about $2.6 trillion in assets. The company as it is today was formed through the merger of retail bank Chase Manhattan and investment bank J.P. Morgan.

The firm has many operating divisions, including investment and corporate banking, asset management, retail financial services, commercial banking, credit cards and financial transaction services.

Top analysts are very positive on JPMorgan, largely because the industry titan faces a continued broad recovery in nearly every aspect of its business. It has a leading M&A advisory and capital markets product set and market share. It has a massive footprint of corporate and commercial banking customers. And it has a sizable wholesale payments businesses. The bank has proven that it has the wherewithal to invest continually in people, products, and platforms to further its market share base, extending its competitive advantage versus most peers.

Investors receive a 2.33% dividend. The $190 BofA Securities price objective is well above the consensus estimate of $173.48. JPMorgan Chase stock closed Tuesday at $171.40.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.