The Cadances Journal

Stock Market.

How equity markets work, what moves share prices, and how to think about them as a long-term investor.

1 article

Line chart comparing a stock index falling sharply with its dividend income falling far less, through a shaded recession period

Stock MarketSeptember 7, 2026· 7 min read

What Happens to Dividends in a Recession?

Dividends fall in a recession, but far less than share prices, and the damage is concentrated in a few sectors. Here is what 2008 and 2020 did to dividend income in the United States, the United Kingdom and Europe, which sectors cut, how long recovery took, and how to build a portfolio that keeps paying.

September 7, 2026 · 7 min read

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