Worried About a Recession in 2023? Buy This Ultra-High-Yield Dividend Stock

Among forecasters surveyed by the National Association for Business Economics, 60% of respondents think it's likely the U.S. will slip into a recession this year. In the face of market volatility and the looming possibility of a recession, investors might be wondering how best to play the current environment. Predicting exactly what the market and broader economy will do over the next year may not be possible, but having top-tier dividend stocks backed by businesses that can withstand harsh conditions is a way to minimize downside risk and still leave the door open for returns.