Play it Safe: Invest in These 5 Big Dividend Payers

Stocks are expected to barely budge this month amid a discouraging start to the third-quarter earnings season. This has already compelled investors to buy big dividend payers like utilities, electronic data device companies and real estate investment trusts. With the Fed holding off a rate hike for now along with election induced volatility, dividend payers are expected to gain further traction. Remember, dividend is mostly paid by companies that boast solid financial structure and healthy underlying fundamentals, and are unperturbed by market turbulence. Additionally, such stocks when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a VGM score of ‘A’ or ‘B’ are sure to boost your returns.

Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. Hence, it will be prudent to invest in five such topnotch dividend paying stocks: DTE Energy Co (DTE) engages in utility operations. Alliance Resource Partners, L.P. (ARLP) produces and markets coal primarily for utilities and industrial users in the United States. Seagate Technology PLC (STX) designs, produces, and distributes electronic data storage technology and solutions. Daktronics, Inc. (DAKT) designs, manufactures, and sells a range of electronic display systems and related products worldwide. Preferred Apartment Communities Inc. (APTS) is a real estate investment trust (REIT).

Source: InvestorPlace

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