Real Money's editors tasked me with producing a column listing five attractive dividend plays in this market. First, I should go back to a similar column I wrote for RM on July 21 that outlined my dividend picks for the second half. From a macro perspective, it is probably a bit of an understatement to note that prevailing market trends are favoring growth stocks over income stocks. Here are five names for the rest of 2017 (with current yields in parentheses)...
Exxon Mobil (XOM) : (3.7%) I was impressed with XOM's ability to beat expectations with third-quarter results this morning, and with industry pricing improving, those expectations are likely to increase for the fourth quarter. Teva Pharmaceutical (TEVA) : (8.4%) A controversial name and, admittedly, I am not a pharma industry expert. CenturyLink (CTL) : (12.0%) Another ILEC (incumbent local exchange carrier), and one that is hated almost as much as Frontier. Walmart (WMT) : (2.3%) It's a strange world in which a 2.3% dividend yield seems attractive, but that's where we are. Navios Maritime Midstream Partners (NAP) : (18.6%) I've written about Navios Group companies many times for RM, and NAP is especially relevant now given the seasonal uptrend in day rates for Very Large Crude Carriers and the Nov. 10 record date for its next quarterly cash distribution.
Source: The Street
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Posted by D4L | Wednesday, November 15, 2017 | ArticleLinks | 0 comments »________________________________________________________________
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