Daily dividend news for investors in dividend stocks

June 2020 Dividend Picks From Every Sector - Part 1

Published Thu, 04 Jun 2020 08:43:46 -0400 on Seeking Alpha

The time has come for another "Dividend Picks" article, this one touching on the coming month of June of 2020.
The market has recovered somewhat since May, and some of my previous picks have become far less appealing. This necessitates some changes in my current picks.
Nonetheless, some companies in the market remain appealingly valued - and these are the companies I focus on by attempting to pick them out using my system.

(Source: Time and Date)
As we're entering June of 2020, we ask ourselves where we should put our money next. I certainly am no different.
The markets seem to change on a weekly basis in terms of what is still buyable and what isn't, and several companies I considered prime buys on a sector-specific basis only last month are now close to or actually overvalued.
Moving forward, picking still-undervalued companies that are likely to appreciate and grow is absolutely crucial given the potential for another downturn. Combining this with conservative and defensive metrics in these trying times is, in my opinion, of paramount importance. Gone are days of yield-chasing or trusting that 10-20%-yielders can guarantee a stable income going forward. My choices are different, even if on paper, my overall priorities haven't changed.
I've put a whole lot of capital to work during the past month, as you can see in my monthly portfolio update. It should be noted, however, that the company purchases are weighted very differently in timing. My purchases during the beginning of the month were very different compared to the last week.
In this article, the purpose is to highlight where we can safely put our money during June of 2020. I will pick one company per sector, though I may sometimes mention two if the situation warrants I believe that all of the companies mentioned merit closer looks from your side. The justification for this is a combination of fundamentally appealing qualities as well as a valuation that I perceive as... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
EASTMAN CHEMICAL 74.67   11.5 6.47 2.48 3.34
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
WHIRLPOOL 150.83   10.6 14.21 4.80 3.19
OMNICOM GROUP 80.81   13.6 5.94 2.60 3.17
COCA-COLA 55.11   33.6 1.64 1.60 2.94
AMERIPRISE FINANCIAL 146.38   10.8 13.58 3.88 2.68
HOME DEPOT 233.80   23.3 10.04 5.44 2.33
AFLAC 51.47   12.6 4.10 1.08 2.12
CELANESE 124.20   15.5 8.00 2.48 2.01
LOWES COMPANIES 113.88   35.6 3.20 2.20 1.91
REINSURANCE GROUP OF AMERICA 159.20   13.0 12.23 2.80 1.77
APPLIED MATERIALS 51.25   17.1 3.00 0.84 1.67


Older articles featuring Altria Group (MO):
Altria Increases Quarterly Dividend by 4.4% to $0.94 Per Share
Altria Group Inc: Safe 7% Dividend Yield & Rising Payouts
Is The Geo Group Inc’s 15.1% Dividend Safe?
The Retiree's Dividend Portfolio - John's November Update: Income Drops But Account Balances Climb
DGI For The DIY: Q3 2020 Dividend Portfolio Update
Dividend Champion And Contender Highlights: Week Of December 20
Why You Probably Suck at Dividend Investing; How to Improve
GDV: Attractive Discount, 6.23% Distribution Yield
Ride Through Another COVID Wave With These 5 Undervalued Dividend Growth Stocks
Deep Dive Into The Ex-Dividend Dates For The Upcoming Week