8 ‘Strong Buy’ Rated Dividend Aristocrats to Buy Now in Case of a Total Market Collapse

The Health Care segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care and infection prevention products and solutions; dentistry and orthodontic solutions; and filtration and purification systems.

The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging and consumer air quality solutions; and stationery products.

The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors and dealers.

Holders of 3M stock receive a 4.01% dividend. The Argus target price is $190. The consensus target is $163.09. The most recent close was $147.38 a share.

Walmart

The giant retailer has posted solid results over the past year, and it is a top idea in an inflationary environment, when consumers look for value. Walmart Inc. (NYSE: WMT) is the world’s largest retailer, operating retail stores under the formats of Walmart Stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States, as well as a growing e-commerce business. Internationally Walmart also operates locations in several countries, including Argentina, Brazil, Canada, China, Japan, Mexico and the United Kingdom.

Each week, nearly 260 million customers and members visit the company’s 11,535 stores under 72 banners in 28 countries and e-commerce websites in 11 countries. It had fiscal 2020 revenue of over $550 billion, and Walmart employs approximately 2.2 million associates worldwide.

Shareholders receive a 1.53% dividend. The Walmart stock price target at Deutsche Bank is $184. The consensus target is $165.81, and shares were last seen trading at $157.08 apiece.

Shares of these top companies have reasonable upside to the Wall Street targets, and all eight pay very dependable dividends, given their Dividend Aristocrat status. With even moderate appreciation in shares prices, investors could be looking at double-digit total return potential. In a market that is very long in the tooth, and an economy that is sputtering, these dependable companies make a ton of sense for nervous investors now.

Originally posted at 24/7 Wall St.

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