What Dividend Stocks Are You Looking For Today?
My portfolio is always hunting solid dividends at a bargain price. Is your portfolio in need of some new additions?
I believe it’s a good strategy to invest in dividend champions that are out of favor with the market. Often, there are great companies that jump onto the discount rack at a moment’s notice. I want to take a look at several companies I am invested in, have invested in, or are on my watch list.
Let’s begin Philip Morris (PM) is a great company at a reasonable valuation. I expect the IQOS product line to succeed and the weakness of the dollar to be positive for the company.
Altria Group (MO) recently declared full-year results for 2017. Adjusted diluted EPS came in at $3.39 which was almost 12% growth. They are guiding for earnings in 2018 between $3.90 and $4.03. That represents growth around 15% to 19%. I expect more dividends.
British American Tobacco(BTI) deserves recognition for being another solid tobacco stock. Who doesn’t like addictive products and high dividends?
Some defensive dividends: PG, KO, PEP, J&J, TGT, WMT The Proctor & Gamble Company(PG) grew sales by 3% and core EPS by 10% for the last quarter. That performance was rewarded with various downgrades. The last full fiscal year had $3.92 for core EPS. They are currently trading at less than 22x that value. The company is forecasting growth in earnings. As of two weeks ago, management raised their guidance to growth of 5% to 8% year over year.
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