SmartMoney: 5 Dividend Stocks for This Market
SmartMoney has just come out with its picks of 5 Dividend Stocks for This Market. The five picks - British Petroleum (BP: 56.19 0.00%, yld: 5.98%), Altria Group (MO: 20.82 0.00%, yld: 6.34%), Vodafone Group (VOD: 22.47 0.00%, yld: 5.51%), PPG Industries (PPG: 63.70 0.00%, yld: 3.36%) and Bristol-Myers Squibb (BMY: 25.65 0.00%, yld: 4.87%) - were all chosen based on “a steady history of increasing their dividends, solid balance sheets and good prospects to keep the cash flowing to shareholders.”
A short write-up accompanying each of the names offers the reasoning behind each pick. The picks look pretty good overall to me - I’m currently short puts in two of the stocks (BP and PPG) and the others are all on my buy watchlist, although I’m waiting for opportunities at lower prices before pulling the trigger.
A related article - Dividend Champs: Decades of Higher Dividends - notes two additional dividend-paying stocks that “have decades of dividend increases, strong balance sheets and steady-eddy businesses for these rocky times.” Both of those stocks - Emerson Electric (EMR: 47.99 0.00%, yld: 2.77%) and Sysco (SYY: 28.41 0.00%, yld: 3.41%) - are currently on my buy watchlist as well.
