Maximize Income in 2016 with These Dividend Stocks

In an unruly and volatile market, opting for safe bets is the most prudent strategy -- and what could be better than a dividend paying portfolio that generates steady income? A dividend represents the distribution of part of the company’s profits to its shareholders on a quarterly, semi-annual or annual basis.

If you are an investor seeking steady returns, here we aim at compounding your investments by combining three parameters. We first used the Zacks Screener to find companies that offer a dividend yield of minimum 5%. Then we added the criteria of a market cap of at least $1 billion and a Zacks Rank #1 (Strong Buy) or #2 (Buy) to pick seven stocks that hold maximum promise for 2016: Abengoa Yield plc (ABY), DuPont Fabros Technology, Inc. (DFT), Artisan Partners Asset Management Inc (APAM), Black Stone Minerals, L.P. (BSM), Crestwood Equity Partners LP (CEQP), Calumet Specialty Products Partners LP (CLMT), Colony Capital, Inc. (CLNY).

Source: Zacks

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