One way you can add some stability to your portfolio today is by investing in dividend stocks. But you also don't want to settle for just any income stocks. Instead, you should look to add stocks with growing dividend payments, because they'll generate more recurring income for your portfolio over the long term. Below are three dividend stocks that are not just stable investments, but also have excellent track records of increasing their dividend payments in recent years. And all three also raised their payouts again in July.
Walgreens Boots Alliance (NASDAQ:WBA) is a top pharmacy retailer that's a household name in the U.S. Its stores are convenient one-stop shops for many people looking to load up on essentials during the coronavirus pandemic. J.M. Smucker (NYSE:SJM) doesn't have as impressive a streak as Walgreens, but the packaged-goods company is doing well, inching ever closer to joining the exclusive Aristocrat club. Canadian Pacific Railway (NYSE:CP) provides investors with a great way to diversify outside of U.S.-based stocks. The Canadian railway operator doesn't pay as high a dividend as the other two stocks on this list, but it is bolstering its payouts.
Source: Motley Fool
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A well-diversified portfolio is one that’s spread across asset classes. Within the equities segment, portfolio diversification can be in terms of high growth stocks and dividend stocks. In general, companies with robust cash flows and steady growth in dividends are from mature industries.These dividend stocks have relatively low beta and are a good defensive play...
Here are 4 high-yield dividend stocks to buy to ride out the storm: Altria Group (NYSE:MO), 3M Company (NYSE:MMM), Chevron (NYSE:CVX) and AT&T Inc (NYSE:T). Besides a high dividend yield, I believe that these stocks are also trading at attractive valuations. This gives room for stock upside besides regular cash income.
Source: InvestorPlace
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Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to replace current low risk, low yielding Treasury and bond options. One approach to recognizing appropriate stocks is to look for companies with an average dividend yield of 3% and positive average annual dividend growth. Numerous stocks hike dividends over time, counterbalancing inflation risks. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio...
CVS Health (CVS) is currently shelling out a dividend of $0.5 per share, with a dividend yield of 3.1%. In terms of dividend growth, the company's current annualized dividend of $2 is flat compared to last year. Donegal Group (DGICA) is paying out a dividend of 0.15 per share at the moment, with a dividend yield of 4.34%. Taking a look at the company's dividend growth, its current annualized dividend of $0.6 is up 1.75% from last year. Currently paying a dividend of 0.49 per share, General Mills (GIS) has a dividend yield of 3.23%. Looking at dividend growth, the company's current annualized dividend of $1.96 is flat compared to last year.
Source: Yahoo Finance
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Looking to replace some missing income from slashed dividends? You may want to consider selling options. Trading strategies such as writing covered calls and selling cash secured puts began to gain more traction in the 2008-2009 market meltdown, when previously dependable dividend-paying stocks began cutting their dividends. Flash forward 12 years to the 2020 COVID-19 crash, and we're seeing that scenario play out again.
If you want to play it conservatively, maybe consider selling options on large cap, well known stocks, such as one of the Dividend Aristocrats, for example. Consolidated Edison, Inc. (ED) was founded in 1884, and is a member of the Dividend Aristocrats, having raised its dividend for 46 consecutive years. It has three areas of operation - Utilities, Transmission, and Clean Energy. Con Ed yields 4.26% and will go ex dividend ~8/13/20 for $.756. An August out of the money covered call option trade yields 2.5% in five weeks, or over 25% annualized.
Source: Seeking Alpha
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So, if you're able to build your nest egg to a point where 4% is enough to pay your expenses -- and if you can find reliable income-producing stocks that yield 4% or more -- you could live off the dividends alone and never have to sell any shares. Here are three excellent dividend stocks that can help make this relatively low-stress way of investing -- and living -- possible for you.
Infrastructure is fertile ground for yield hunters. And Brookfield Infrastructure Partners (NYSE:BIP) is one of the best in the business. Its units currently yield more than 4.5%. If you appreciate dividend growth, you'll also love Innovative Industrial Properties (NYSE:IIPR). Its shares currently yield a sizable 4.4%. Verizon Communications (NYSE:VZ) is another dependable dividend stock with a terrific yield. Its shares currently yield a solid 4.3%.
Source: Motley Fool
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