Dividends4Life: 2 Big 13% Dividend Stocks to Buy

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2 Big 13% Dividend Stocks to Buy

Posted by D4L | Friday, May 01, 2020 | | 0 comments »

On Wall Street, Chris Harvey, Wells Fargo’s head of equity strategy, sees opportunities in current market conditions. “Destruction in stock prices has really uncovered a significant amount of value,” Harvey says, although he does add a warning that investors should avoid companies with “fundamental issues” resolvable under current conditions. He specifically points out the travel and leisure sectors as particularly hard hit right now.

The Simon Property Group (SPG) focuses on retail properties, and is known as the largest operator of shopping malls in the US. SPG has over 325 properties across 37 states, and boasts over 240 million leasable square feet of high-end retail property. The company finished 2019 on a strong note, with $1.5 billion in final quarter revenue and $7.1 billion in liquid assets. Investment management is a core function of Wall Street’s major banks, and Goldman Sachs BDC (GSBD) lives squarely in that niche. The company is the specialty finance subsidiary of the eponymous investment banking firm that figured prominently in the 2008 financial crisis. GSBD focuses on closed-end management investment for middle-market companies in the US.

Source: NASDAQ

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