Top 5 Dividend Stocks For Young Investors In 2019
(Source: 30 Rock)
Two years ago, I wrote an article listing my top five dividend stocks for young investors for 2017. While I did skip a year - last year, 2018 - I still receive the occasional message from young investors referencing that article. I wrote it at the end of May in 2017, and this year I want to ensure I get 2019's article out earlier.
Like last year, this year I will ensure the stock picks are in diverse industries. New for this year, however, I want to focus more on high-yield dividend stocks. Young investors can invest more aggressively, and I can help them locate stocks with "artificially high" yields due to pullbacks.
Before we begin, let us review the results of 2017's picks, from the date of the recommendation to the end of 2017.
Cross Timbers Royalty (CRT) This pick was a high-yield natural gas play that offered monthly dividends for the impatient youth who wants a monthly allowance. I mentioned this stock to be a riskier pick, with fluctuating dividends and its reliance on macro issues, namely natural gas prices. At the time, I felt one attractive point of CRT was its low PE relative to its industry: 17x to the industry PE of 24x; now, both PEs are lower - 8.5x to 12.2x, respectively. The stock trended sideways over 2017, but the monthly dividends were stable:
(Source: Stockcharts.com)
Kronos Worldwide (KRO)
(Source: Stockcharts.com)
This pick was one of the more interesting because of the sector in which Kronos... Read more