With the market at all-time highs, it might be a good time to look at defensive dividend stocks to prepare for any downturns. The article points out three healthcare giants as safe holds. JNJ grew sales 6.6% to $25B last quarter. They focus on pharma and medical devices now, with 64 years of consecutive dividend increases and historically low volatility. UNH has seen a drop recently due to higher claims costs in 2024 and 2025, pushing its yield up to 2.26%. Even with the recent hit, their dividend payout is up 271% over the last 10 years. MCK is a major pharma distributor. Their dividend is up 193% over the last decade and the stock has been relatively stable aside from a drop between 2015 and 2018. Healthcare spending is non-discretionary, so these are seen as solid defensive plays if the broader market cools off.