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3 Defensive And Undervalued Dividend Payers That I'm Buying

Published Thu, 08 Aug 2019 09:43:05 -0400 on Seeking Alpha

These are tough times for yield seekers. The yields in many defensive, typically higher dividend-paying sectors, as well as long duration Treasury bonds, have been driven down by fears of an economic slowdown and the specter of a looming recession.
Investors have piled heavily into consumer staples, utilities, and real estate in 2019, especially the higher quality names:
Data by YCharts
When the next recession will arrive is anyone's guess, but there are signs that we are getting close to the edge.
For one, as investors continue to bet on more interest rate cuts by the Federal Reserve, the yield curve continues to invert further. Currently, it is as inverted as it has been since 2007. St. Louis Fed economist William Emmons observes that the decline in home sales is consistent with a recession occurring later this year or sometime in 2020. Economist Gary Shilling believes that we are already in a recession but that this one will result in a GDP decline of 1.5-2% rather than a much more severe 3.5-4%.
Certainly, without ever-rising government expenditures, US GDP growth would have turned negative already.
If we are getting close to a recession, income-oriented investors with money to place are in something of a predicament. Economic fundamentals may be about to turn down, putting stress on the underlying companies represented by our stocks, and yet so many of them are trading near their 52-week highs!
That brings us to the present article: three defensive... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
IRON MOUNTAIN 31.65   26.4 1.20 2.44 7.79
ABBVIE 65.97   24.2 2.72 4.28 6.34
KROGER 23.67   10.4 2.28 0.64 2.79

IRON MOUNTAIN - IRM
IRON MOUNTAIN - IRM  


Older articles featuring Iron Mountain (IRM):
The Retirees' Dividend Portfolio - John And Jane's July Taxable Account Update: Looking To The VIX Index
Lanny's July Dividend Income Summary
Bert's July Dividend Income Summary
My Dividend Growth Portfolio July Update: 41 Holdings, 5 Buys, 1 Sell, 1 Covered Call
5%+ Dividend Yield Portfolio: Grinding Along In 2019 (July 2019 Review)
The Retiree's Dividend Portfolio - John's June Update: Why We Dropped Boeing
High Yielders
The Retirees' Dividend Portfolio - John And Jane's June Taxable Account Update: The Danger Of Making Assumptions
A Monopoly Of REIT Dividends
Our High Yield REIT Portfolio: Q2 2019 Update

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