Five Classic Dividend Stocks

This is not 1984, and I have stated before that I think we are in a more bullish 1993-type market. At 61 I feel young and optimistic and see no valid reason stocks shouldn’t do as well in the next 15 years as in my first 15 here. Don’t let the seemingly futile gyrations in Europe keep you out of the market this summer. Here are some picks for your consideration:

In a world where media struggle but are ever more ubiquitous, particularly online, Interpublic Group (IPG, 10) should grow with the global economy and then some. Australia’s Westpac Group (WBK, 102) is 8% below where I recommended it on Aug. 30, 2010, after climbing as high as 137. Bristol-Myers Squibb (BMY, 34) is a no-brainer with a trailing P/E of 15 and 4% dividend yield. I recommended Tim Hortons (THI, 53) on Jan. 17, 2011 at 41. My Independence Day stock pick is Northrop Grumman (NOC, 62).

Source: Forbes

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