Dividend Stocks to Buy

It’s difficult to see a bright side of this catastrophe right now. But in the financial markets, at least, Japan’s woes have struck a thunderbolt of common sense into investors who, in recent weeks, had become increasingly detached from reality. Oil prices are falling. So are gold prices and stock prices — all welcome developments, in my view, because the previous uptrends had carried too far, fostering a dangerously unstable condition.

Now that prices have backtracked, value investors can step up our buying. Start with the market’s Steady Eddies, companies like Johnson & Johnson (NYSE: JNJ) and Procter & Gamble (NYSE: PG). Both are trading closer to their 52-week lows than highs, and both are paying generous dividends (above 3%). Buy JNJ at $62.50 or less and PG at $64 or less.

Source: InvestorPlace

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