Dividends4Life: Picking Up Tattered Dividend Stocks

Picking Up Tattered Dividend Stocks

Posted by D4L | Thursday, June 27, 2013 | | 0 comments »

This week's activities in Abba's Aces included lots of buying of good yielding dividend stocks. There seems to be a "Great Rotation" taking place out of dividend stocks and into other assets. As you can see from the Utilities SPDR ETF (XLU), since 01May13 it has dropped 8.34% while the SPDR S&P500 ETF (SPY) is up 3.2%. Other prime examples include Verizon (VZ) down 6.8%, Consolidated Edison (ED) down 9.76%, and Hasbro (HAS) down 5%.

I took this opportunity to be greedy when others were fearful, and picked up income paying stocks at what I believed to be good prices such as Travelers Companies (TRV), PepsiCo (PEP), and Waste Management (WM). Though these stocks aren't really high yielders, they were "the babies that were thrown out with the bath water". Let's take a look at each one individually really quick and find out if we can pick up some more.

Source: Seeking Alpha

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