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As the risks of a recession are rising, it would be prudent to have defensive dividend stocks in your portfolio.
Deere (DE 0.33%) and Raytheon (RTX 0.83%) are two excellent choices for investors looking for defensive dividend stocks. Fool.com contributor and finance professor Parkev Tatevosian picks his favorite between the two dividend stocks.
*Stock prices used were the afternoon prices of May 26, 2023. The video was published on May 28, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Deere and Raytheon Technologies. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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