Updated July 7, 2022 8:38 am ET / Original July 7, 2022 4:30 am ET
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Although Hormel shares are down this year, the company is among nine Dividend Aristocrats that figure to show some resilience if a recession comes to pass. Michael Edwards/Dreamstime.com
With talk of a recession increasing, Barron’s decided to look for some safer bets in the S&P 500 Dividend Aristocrats Index
Drilling down, Barron’s looked for companies in that index with debt-to-equity ratios of less than 50%. As interest rates rise, it can boost companies’ borrowing costs, especially if they need to refinance some of their debt. The less debt the better, we concluded.