3 Dividend Stocks to Buy for Excellent Yields

Corporate America is engineering mergers and spinoffs at a frantic pace right now — and I’ve got two more deals to report to you today. First, the biggie: Semiconductor behemoth Intel (INTC). After scuttling negotiations earlier, Intel is buying Altera (ALTR) for $16.2 billion in cash. It’s a steep price, but the transaction catapults Intel into the field of programmable logic devices (PLDs). For 2016, Wall Street analysts aren’t expecting the Altera acquisition to add more than a couple of pennies to Intel’s earnings per share. However, we can afford to be patient.

This deal may be just what Intel needed in the long run to stay ahead of the curve in chip technology. Buy INTC on a pullback as its current yield is 2.9%. Our spinoff du jour is Talen Energy (TLN). Talen was formed by combining the wholesale power-generating businesses of PPL Corp (PPL) and privately held Riverstone. Westpac Banking (WBK), the only Aussie bank with a Big Board listing, is yielding an ample and reasonably safe 5.9%, well above most U.S. or European peers. Better yet, the dividend should remain exempt from Australian withholding tax as long as the payout continues to be covered out of WBK’s current profits.

Source: InvestorPlace

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