Solid Dividend Performance- Buy and Hold Ideas?
I like Verizon and Dow. Would like to buy similar solid dividend performers, up to 10 total for a small portfolio.
OAITW r.2.0
(28,361 posts)Have had excellent experiences with this company. Mindset of the folks working for them are awesome. They believe in their mission. Have bought some stock in this company because I like the folks and their philosophy on solar power.
dhol82
(9,438 posts)Depends on how particular you are about your stock picks.
say since you are talking about buying and holding (I presume for a long time) that Procter and Gamble would be good for your list.
multigraincracker
(34,069 posts)has been McDonalds. Good growth and great 1/4 checks. I even buy one burger a month just to check on my investment.
Tbear
(513 posts)Dominion Energy (D) and Mighty(MO) Altria ring my bells as solid dividend performers with excellent yields at 4.39 and 8.31%, respectively. I would consider them a fairly good buy now. I have about a month before I can begin to invest. I hope to pick five to ten solid companies that will give me a yield of 5-6%.
Today Dow is 5.5% and Verizon is 6.7%.
Enphase has shot up like a rocket this year. No dividend yet. Could be a big growth play.
WTRG, PG, MCD all have dividends in the 2-3% range.
Some dude on Wall Street made a list for 2023; TFC sounds interesting, merger of BB&T and SunTrust makes Truist 6th largest in US, 4.9% yield at today's price.
So far let's say these five, any others worth considering?
D, Dow, MO, VZ, TFC approximate average dividend today =5.96%.
I owned McDonalds at $35 once. Sigh.
Tbear
(513 posts)A quick search of dividend stocks 5.9 % and above; large capital companies turned up 47 names. 15 were common stocks, a REIT, and the rest were depository receipts representing foreign stocks.
The portfolio will be divided between an IRA and a cash account. My new thought is to pick ten best common stocks and ten best foreign, then put five of each, domestic and foreign, in each account. I can diversify some within each sector also, the original first five are all from a different sector I believe. TFC is a bank, Dow, Verizon, Altria, Dominion Energy. Get as much diversity as you can with 20 stocks.
I want to preserve cash and earn dividends to spend (IRA) or reinvest (cash). Any other half-knowledgeable, half-dangerous self investors like myself are welcome to chime in.
bif
(23,973 posts)We may look into those.
Beachnutt
(8,089 posts)Energy Transfer Company. Last I looked it paid around 9%