Mid-cap stocks are commonly defined as those of companies with a market capitalization (market cap) of between $2 billion and $10 billion dollars. During bull markets, mid-cap stocks can be overlooked because of slow, steady growth that typically lags the broader market.
However, when the market weakens, investors look for a positive return wherever they can get it. At times like this, the steady performance of mid-cap stocks puts them in high demand. In 2022, the S&P Mid-Cap 400 Index fund was “only" down about 13%. But in a year when all equity classes were tested, the index still outperformed the S&P 500 index that was down approximately 18% in the same time period.
One common characteristic of every stock on this list is a growing dividend. This isn't necessarily unusual for mid-cap stocks, but it's not always common. That makes them ideal candidates for investors that are willing to assume the risk of investing in equities in 2023.
Click the "Continue to Slide #1" button to view the first company.