Buy These 5 Unknown Dividend Stocks With Yields Up To 10.8%
Seeking AlphaDividend Quick PicksBuy These 5 Unknown Dividend Stocks With Yields Up To 10.8%Sep. 14, 2020 11:24 AM ET|| Includes: ABR, BAC, CCOI, CVX, DTE, GBX, JNJ, MMM, NASB, O, PFE, RS, UNMby: Robert & Sam KovacsRobert & Sam Kovacs Long Only, Dividend Investing, Dividend Growth InvestingSummaryWhile the core of your portfolio should be in proven, All Weather dividend stocks, there is room for other stocks.
Stocks with extremely high dividend potential, but without the track record required to claim All Weather status also deserve a spot in your portfolio.
I focus on 5 stocks which I am adding to my portfolio.
Written by Sam Kovacs
Introduction
Robert and I cover a lot of dividend stocks here on Seeking Alpha. But since we started sharing our model All Weather Dividends portfolio in May, a lot of the focus has been on large cap stocks.
To a certain extent, this is to be expected. We have often repeated that dividend investors should manage their portfolio like a sports team, except, it’s the all-star game.
Source: Open Domain
At the NBA All-Star game, you expect to see the cream of the crop. It’s all about the hype. There is not much room for lesser known players. The best compete with the best.
In basketball, they are called the All-Stars. In investing, we call them the All-Weather Dividend stocks.
Depending on your aversion to risk, we suggest that these should make up for 70% to 100% of your portfolio.
At the beginning of the month, they represented 90% of our model portfolio. These stocks are the bedrock of your portfolio. The largest positions in the model portfolio are:
Pfizer (PFE) Realty Income (O) Chevron (CVX) DTE Energy (DTE) Bank of America (BAC) With the exception of DTE Energy, anybody who’s not been hiding under a rock for the past 20 years has heard of these companies. On Seeking Alpha, hundreds of thousands of investors follow these companies. In comparison, just shy of 16,000 people follow... Read more