The race is on to add dividends to stock portfolios. But investors are still being picky in the S&P 500 — and know exactly what they're looking for. Yes, big dividends are in. But don't make the mistake of rushing to own just any high yielding stock in the S&P 500. Investors are being very discriminating on what kinds of dividend payers they like. And that's especially the case now that bond yields are rising and giving the dividends a run for their money. Investors looking for yield from stocks can now be a little choosier.
Demand has been strong for tobacco products during the pandemic. The company's revenue is seen rising another 2.4% in 2022 following a nearly 10% jump in 2021. And profit this year is expected to gain another 3% this year to $6.29 a share. Similarly, shares of alcohol and tobacco seller Altria are up nearly 6% this year. And keep in mind it pays an additional 7.1% dividend yield on top of that. Dividends are in. But investors have a type that they like. Choose wisely: Devon Energy (DVN), Williams Companies (WMB), Philip Morris International (PM), Kinder Morgan (KMI), Dow (DOW), Oneok (OKE), Altria Group (MO) and Verizon Communications (VZ).
Source: Investors.com
Related Articles:
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.