Published Tue, 23 Jul 2019 01:41:35 -0400 on Seeking Alpha
As an income and dividend growth investor, I do love dividends, and so do many other investors. Not only do dividends provide a substantial part of overall total return, but they also provide passive income that you can either use to replace existing expenses or, even better, reinvest into your portfolio to nurture an (in the beginning slowly) exponentially growing dividend snowball on your quest to financial independence.
Moreover, as investors duly learn during crises, stable and proven businesses very regularly continue to distribute dividends, with the most financially stable businesses even increasing those. This provides a real downward cushion and is just the icing on the cake.
While most stocks have been setting new highs in July, three stocks, ironically all starting with "A," are/remain on sale with yields over 6%. In the tobacco sector, almighty Altria (MO) has seen a sharp fall from almost $78 down to as low as $42 over the last two years and with its current closing price of $50.47 is yielding around 6.3%.
in the telecom sector AT&T (T) has so far enjoyed a much better year than Altria, is up 2.3% YTD and currently yielding 6.2%.
Finally, there is AbbVie (ABBV), a stock which is down 26% YTD and has almost lost half its market cap compared to its all-time high set in January 2018. Following the unexpected and costly acquisition of Allergan (AGN), it is currently trading at a yield of 6.3%.
Data by YCharts
Naturally, higher yield comes with... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|PHILIP MORRIS INTERNATIONAL||74.90||14.9||5.03||4.68||6.12|
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