The article presents six French defensive dividend stocks eligible for the PEA to protect capital during a crisis: Air Liquide (2.0% yield), Sanofi (5.4%), L’Oréal (1.9%), Danone (3.1%), TotalEnergies (4.8%) and Veolia (4.1%). These companies operate in essential sectors such as healthcare, food, energy and utilities, where demand remains stable regardless of economic conditions. They are characterized by continuous demand, a beta below 1 and regular dividends that cushion stock price declines. Sanofi has increased its dividend for 31 consecutive years and pays 4.12 euros per share. The PEA allows investors to exempt capital gains and dividends from income tax after five years of holding, with a contribution ceiling of 150,000 euros.
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