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11 Great Dividend Blue Chips To Profit From This Correction

Published Mon, 02 Mar 2020 10:29:36 -0500 on Seeking Alpha

We're now officially in a correction with the S&P 500 down 12% in six consecutive days of losses.
Prudent long-term investors have the opportunity to cash in on some truly amazing deals.
AVGO, PII, WAB, MSM, and EXPE are great fast-growing dividend blue chips to consider that could deliver about 20% CAGR total returns over the next five years.
AVGO, PII, ABBV, AAN, EOG, C, and AEL are blue chip deep value stocks trading at an average PE of 8.2, a PEG ratio of 0.64 and have about 24% CAGR long-term total return potential.
Just remember to always use proper risk management for your needs, including a reasonable asset allocation between stocks/bonds and cash. A sleep well at night portfolio is key to avoiding panic selling and profiting from the panic of others.

There's nothing I love more than pointing out quality stocks whose prices are completely disconnected from strong fundamentals.
On Thursday, the S&P 500 was down 4.4% at one point, representing an 11% or so decline from its February 19th record-high. The market has now fallen for seven consecutive days.
I just did an article highlighting The 7 Safest High-Yield Blue Chips To Buy In This Volatile Market. Those are quality companies with
little revenue exposure to China (most none at all) defensive (recession-resistant) business models historically low volatility (less than Dividend Aristocrats) safe balance sheets (average credit rating A-) high-quality (82nd industry percentile returns on capital) For anyone who can't enjoy market corrections as I can, those seven stocks represent great POTENTIAL buying ideas.
Bonds, Cash & Stocks During COVID-19 Correction
(Source: YCharts)
Of course, that does NOT mean that "safe" = "won't fall in a downturn".
No sector has been spared the market pain, not utilities (down 11.4%), aristocrats (-11.4%) nor any other defensive "bond alternative" sector like consumer staples or REITs.
Actual bonds or cash equivalents... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ABBVIE 70.83   26.0 2.72 4.28 6.28
MSC INDUSTRIAL DIRECT 71.99   13.6 5.30 3.00 4.18
UNUM GROUP 29.32   11.8 2.49 1.14 3.98
AVAGO TECHNOLOGIES 300.58   37.1 8.11 10.60 3.60
CITIGROUP 69.30   9.6 7.19 2.04 2.96
POLARIS INDUSTRIES 90.06   17.4 5.17 2.44 2.79
EOG RESOURCES 79.68   13.0 6.15 1.15 1.44
AMERICAN EQUITY INVESTMENT LIFE HOLDING 24.23   10.5 2.31 0.28 1.20
EXPEDIA 131.65   32.4 4.06 1.36 1.04
WABTEC 74.80   42.3 1.77 0.48 0.66
AARON'S 62.73   21.3 2.95 0.14 0.22

ABBVIE - ABBV
ABBVIE - ABBV  


Older articles featuring Abbvie (ABBV):
Dividend Investors: These 5 Aristocrats Are Trading At Historic Discounts
Dividend Aristocrat Performance: March 2020
Insiders Are Buying These Beaten Down Dividend Stocks
The 64 Dividend Aristocrats Ranked By Quality Score
February 2020 Dividend Portfolio Update
Nicholas Ward's Dividend Growth Portfolio: February 2020 Update
Bert's February Dividend Income Summary
Dividend Aristocrat Consumer Defensive Sector Yield Is Tops Of 64 For March
My Dividend Growth Portfolio February Update: 48 Holdings, 22 Buys, 4.27% Yield, Down 45k
5%+ Dividend Yield Portfolio: Winning In A Tough Market (Feb 2020 Review)

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