3 Great Dividend Stocks for 2016

It has been a rough start in the markets for 2016, and in particular for commodity investors. Interest rates remain low, industrial utilization rates remain below capacity and, while employment remains strong, wage growth remains stubbornly flat. We live in a world where market-linked GICs from banks promising maximum annual rates of return of 3% are exciting and are one of the top investment products recommended by fee-for-service investment managers. While market-linked GICs might not be bad products to hold for the fixed income component of a core investment portfolio, it will be difficult to get ahead if you’re earning at most 3% a year on your capital.

Thanks to the recent market drop, there are many more attractive dividend-paying stocks selling at appropriate valuations. Let’s take a look at three of our top dividend-paying stocks for 2016: Automatic Data Processing (NASDAQ:ADP) is a provider of business outsourcing solutions. Colgate-Palmolive Co. (NYSE:CL) is a consumer products company. Diageo PLC (NYSE:DEO) is engaged in alcohol beverage business.

Source: GuruFocus

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