These are the dividend stocks that will hold up in a weakening economy in 2024, says this highly rated money manager

Do you expect the U.S. economy to slip into a recession next year? If so, you might also expect a reversal of this year’s stock-market rally. Stocks of quality dividend payers that can keep raising payouts might hold up well in that scenario, according to John Bailer, deputy head of equity income at Newton Investment Management North America, a subsidiary of Bank of New York Mellon Corp.

Bailer co-manages the BNY Mellon Income Stock Fund, which is rated four stars (out of five) within Morningstar’s Large Value fund category. During...