Published Wed, 11 Mar 2020 09:01:38 -0400 on Seeking Alpha
The combination of the near-pandemic spread of COVID-19 and the newfound oil price war between Saudi Arabia and Russia has battered stocks, causing a ~15% correction in the last month.
It is not clear that either issue will resolve quickly or easily, and neither is it clear how helpful fiscal or monetary stimulus will be to the underlying economy.
These six high-quality dividend stocks are the baby that has been thrown out with the bathwater, now offering wonderful starting yields at low valuations.
Included in the list is a telecom giant, a high-yielding midstream natural gas MLP, a fast food franchisor, a producer of construction equipment, a data center REIT, and a shopping center REIT.
Cheers to those of you who took my advice last year and held back a decent cash position to deploy in times like these.
The spread of the coronavirus, along with the mounting oil price war between Saudi Arabia and Russia (and, to a lesser extent, American shale companies), has wreaked havoc on the stock market. The S&P 500 (SPY), Nasdaq (QQQ), and Dow Jones Industrial Average (DIA) are down 15-17% from where they sat just a month ago.
Data by YCharts
Both the virus and the oil price rout have turned out to be much worse than many assumed even a few weeks ago. And neither appear to be letting up in the foreseeable future. On Tuesday, Saudi Arabia announced that they would be ramping up oil production with the belief that sustained low oil prices will hurt Russia more than them. Meanwhile, the Russians claim to be prepared to hunker down and endure this oil price war.
This will unavoidably lead to a wave of bankruptcies in the exploration & production sector of the American energy industry, with perhaps 15-25% of companies going bankrupt or being forced to restructure. Weaker players will likely be acquired for pennies on the dollar by stronger players. And what about other unstable, oil-dependent countries like Venezuela and Iran? It wouldn't be surprising... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|URSTADT BIDDLE PROPERTIES||18.43||28.8||0.64||0.98||5.33|
|URSTADT BIDDLE PROPERTIES||24.28||37.9||0.64||1.10||4.70|
|SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST||272.32||0.0||0.00||5.67||2.10|
|SPDR S&P 500 ETF||301.29||0.0||0.00||5.42||1.82|
|POWERSHARES QQQ TRUST SERIES 1||193.23||0.0||0.00||1.49||0.78|
Older articles featuring Enterprise Products (EPD):Introducing The Dividend Growth 30
Enterprise Declares Quarterly Distribution
5 Safe And Cheap Dividend Stocks To Invest In (July 2020)
6 Dividend Stocks Insiders Recently Bought Big
How To Build A 6% Yielding Sleep Well At Night Retirement Portfolio With These 15 Blue-Chips
The 3 Safest 8+% Yielding Blue-Chip Retirees Can Trust Right Now
5 Safe And Cheap Dividend Stocks To Invest In (June 2020)
Where To Find Yield Today
High Yield Is Your Best Friend In Turbulent Times
Whether The The Great Reach For Yield Experiment Has Failed