6 favorite dividend stocks from a conservative money manager

Michael Binger, a senior portfolio manager at Gradient Investments, which oversees $1 billion, shared a list of some of his favorite dividend stocks. Surprisingly, he recently sold two big telecommunications companies and purchased a smaller rival. In an interview Tuesday, Binger described the firm’s “Gradient 50,” one of several strategies offered to clients. It’s a “classic dividend growth strategy,” he said, used to select 50 stocks of “high-quality” U.S.-based companies across all sectors, using a “fairly rigorous” evaluation process.

Here are six dividend stocks that Binger ranks among his favorites: Frontier Communications Corp. (FTR), Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), Alexandria Real Estate Equities Inc. (ARE), Johnson & Johnson (JNJ) and Pfizer Inc. (PFE).

Source: Market Watch

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