The stock market is trading near all-time highs and the yield on the S&P 500 Index is a remarkably low 1.3%. As such, it's hard for income investors to find dividend stocks worth buying right now. But that doesn't mean it's impossible. Here are two companies with great histories and reliable businesses that dividend-focused investors could easily buy and hold for a lifetime.
The Kellogg Company (NYSE:K) is a name you probably associate with the cereal aisle in your local grocery store -- it is, after all, one of the largest names in that food sector niche. But its collection of cereal brands only accounts for about a third of its revenues today, because Kellogg has been making an effort to diversify with a focus on more growth-oriented areas. There's no point in sugarcoating it -- Consolidated Edison (NYSE:ED), aka Con Ed, is a very boring utility, providing electricity, natural gas, and steam to New York City and its surrounding areas. On the plus side, at current share prices, its yield is about 4%, which is toward the high end of its range over the past decade.
Source: Motley Fool
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Investors have so many different choices in the market today that it can be difficult to know which is the best route for one’s capital. However, we believe that the best path to compounding wealth — and securing financial freedom — is through prudent, long-term allocation to dividend stocks. Even still, the types of dividend stocks a particular investor favors may differ depending on their individual goals, which can be heavily influenced by their age. Older investors that are closer to retirement, for instance, may favor stocks with stable earnings and higher current payouts. Stocks that fit this description will offer these characteristics at the expense of potential growth.
For younger investors, we see the best way to invest for the future — given younger investors have time to wait for growth — as allocating to higher growth dividend stocks. In this article, we’ll take a look at why that’s the favored strategy, and some examples of stocks we like that fit this description. These stocks include the following: Home Depot (NYSE:HD), Apple (NASDAQ:AAPL) and Mastercard (NYSE:MA).
Source: InvestorPlace
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As the economy improves, consumers will continue ramping up purchases. Conversely, as the government's consumer stimulus checks' effects fade, more consumers will look for loans in order to finance those purchases. Both of these trends will have a positive effect on consumer finance companies. Management raised the quarterly dividend by 55% in Q2 and intends to continue paying higher extra dividends in Q1 and Q3 - it paid $3.50 each quarter. The company's trailing yield is 16.42%, and its potential forward yield is 12% to 17%. It is the largest US near-Prime loan servicer - the reopening economy and fading stimulus programs will increase the loan business. The company has significantly cheaper valuations vs. its peers, is 13% below analysts' lowest price target, and 22% below the consensus price target.
OneMain Holdings (OMF) engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or are unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance, optional non-credit insurance, guaranteed asset protection coverage as a waiver product or insurance, and membership plans. OneMain Holdings, Inc. was founded in 1920 and is based in Evansville, Indiana.
Source: Seeking Alpha
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Two Dividend-paying Infrastructure Investments to Purchase Amid Increased Public Funding of Projects
Two dividend-paying infrastructure investments to purchase in pursuit of profits from increased public funding projects for such projects present opportunities to nd runways, among other colossal construction creations. The two dividend-paying infrastructure stocks to purchase during a government spending spree on roads, runways and other public works projects are not just aided by federal funding but local and state budgets, too.
An infrastructure stock to buy is Dallas, Texas-based Jacobs (NYSE:J), an international technical professional services firm that provides construction services, as well as scientific and specialty consulting for clients who include companies, organizations and government agencies. Even before any new federal infrastructure stimulus flows to the states, the outlook for infrastructure company Construction Partners Inc. (NYSE:ROAD), of Dothan, Alabama, is brightening in the southeastern part of the United States where Department of Transportation (DoT) budgets are expected to increase about 20% during the next 12 months. A key reason is positive demographic shifts through growth in population, housing and miles driven during the ongoing economic recovery, BoA opined.
Source: Dividend Investor
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A dividend yield of 6% is considered extremely high, and finding good stocks around that level is not easy. In fact, a yield that high is often a red flag that the company may not have the earnings power or cash flow to keep it up. Here are two dividend stocks with yields over 6% that bear watching. Both look like good buys for income investors.
AGNC Investment (NASDAQ:AGNC) is a mortgage real estate investment trust (REIT), and the first thing to know about REITs is that they are required by the Securities and Exchange Commission to distribute 90% of their annual taxable income in dividends. Artisan Partners Asset Management (NYSE:APAM) is a Milwaukee-based boutique asset manager whose stock price is up nearly 4% year to date and 31% over the past year.
Source: Motley Fool
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