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5 Dividend Stocks That Remain Good Buys In This Roller Coaster Market

Published Thu, 08 Oct 2020 10:29:19 -0400 on Seeking Alpha

Seeking AlphaDividend Quick Picks5 Dividend Stocks That Remain Good Buys In This Roller Coaster MarketOct. 8, 2020 10:29 AM ET|| Includes: ABBV, EPD, GILD, INGR, SCHD, SPTM, SPY, UBA, UBP, VOO, VTIby: Cashflow CapitalistCashflow Capitalist High Yield LandlordBecome a “Passive Landlord” with our 8% Yielding Real Estate Portfolio.SummaryWith stocks exuberantly going up a few weeks, then despondently falling the next few weeks, then bouncing back, investing in 2020 feels a lot like riding a roller coaster.
That's why it's important for dividend growth and income-oriented investors to focus not on asset prices but rather on business fundamentals and the stability of cash flows.
The list of five dividend stocks includes two drugmakers, a producer of food ingredients, a midstream oil & gas MLP, and a suburban shopping center REIT.

The Stock Market Roller Coaster Ride
The past three months (to say nothing about this year in general) in the stock market have felt distinctly like a roller coaster ride. First climbing upward rapidly from July until early September, then abruptly sliding downward until late September, then bottoming out and angling upward again. Market participants are being pulled and jerked around in their restraints as they hang onto the handles.
The relative lack of volatility from mid-2016 through late 2018 and from early 2019 through February, 2020 felt like a pleasant horse-drawn carriage ride compared to the Covid era.
Data by YChartsThis has been even truer of many dividend stocks this year, as the risk of dividend cuts has induced yield-starved investors to vacillate wildly between fear and greed. It really is reminiscent of the speedy swings of emotion one feels on a roller coaster ride: anticipation and reward, excitement and terror, exhilaration and panic, laughing and shrieking.
So much happens in seemingly so little time.

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And then, when it's over, you're left thinking, "We... 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
ENTERPRISE PRODUCTS 28.68   12.4 2.31 1.76 6.13
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
GILEAD SCIENCES 66.36   14.4 4.61 2.52 3.76
INGREDION 82.74   14.5 5.72 2.50 3.07
SPDR S&P 500 ETF 301.29   0.0 0.00 5.42 1.82

ABBVIE - ABBV
ABBVIE - ABBV  


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