Author: Brett Owens, Contrarian Outlook

These “must have” products can provide our portfolios with important recession-resistant qualities.

If you’re worried that market fear is justified and we’re heading for a recession, consider these defensive stocks that pay yields up to 17.4% annually.

A long-term wealth and income generator, it’s trading at a 10% discount to NAV.

With a recession still very much in play, this trio of names not only deliver much more yield (8.9%-10.2%), but also trade at a discount.

Any company that can announce a bold dividend increase in a difficult environment probably deserves a closer look.