To add more in this line.
In my view, Well established dividend aristocrat companies drop less than other companies during recession (still need to do research to substantiate with evidence).
Second, I consider real estate holdings like bond, gives rent (yield) and appreciation, with low volatility like Bond. Keeping such in mind, I moved my money into dividend paying stocks.
Third, I look for qualified dividend for less tax treatment, at least 13% tax savings (for me) like LTCG, do not do DRIP, but use those returns either to buy new stocks or use it for regular expenses. Any tax saved is considered direct income to investor.