5 Dividend Stocks Worthy of Your RMD Money

If you don't need your required payout, consider reinvesting it

Dec 3, 2012, 2:14 pm EDT | By Marc Bastow, InvestorPlace Assistant Editor

Newell Rubbermaid

Newell Rubbermaid NYSE:NWL 12/3 Dividend Yield: 2.8%

Mom’s stock of choice just happened to be Newell Rubbermaid (NYSE:NWL), a company known for what she describes as “making things people use” and being a steady dividend payer. Both are quite correct: In addition to Rubbermaid itself, the company’s brands include Sharpie, Calphalon and Lenox. And NWL has indeed been a steady payer since 1946.

NWL was a nice pick. I like the idea of companies that “make something” as a base for an IRA distribution investment. A $20 to $30 per share price and a dividend yield of 2.8% are also nice lures. So, here are four more larger-cap stocks, all for under $30 per share that “make something” and pay a nice dividend for your IRA distribution money.