Chairman and CEO of Baird-owned Strategas Research Partners Jason Trennert has advised investors to adopt a defensive approach in 2023 due to a high likelihood of a recession. In addition to providing consistent income, many dividend-paying stocks are in defensive sectors that can weather economic downturns with reduced volatility. Companies that pay big dividends tend to have substantial amounts of cash and have good prospects for long-term performance. With impressive top- and bottom-line growth, many top energy companies are returning more capital…
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