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5 Dividend Stocks for Your Day-to-Day Needs

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Kraft Foods

Kraft (NYSE:KRFT)Dividend Yield: 3.8%

My personal favorite day-to-day necessity: food. And while there are countless names you could pick to cover the food pyramid — whether grocery stores like Safeway (SWY) or cheap dining options like McDonald’s (MCD) — I’m drawn to Kraft Foods (KRFT) for this list.

Why? Well, whether you’re looking for dinner, dessert, a snack or a sip, the giant company has you covered — and that’s even after spinning of Mondelez (MDLZ). A few brands still in Kraft’s wheelhouse: Maxwell House coffee, Oscar Mayer meats, Planters nuts, Kraft cheese, Philadelphia cream cheese, A1 steak sauce and more.

And if your mouth isn’t watering from that list, just wait until you get a whiff of its dividend. The company’s current 50-cent payout is good for a delicious 3.8% yield. While there’s not much of a history to work with thanks to the aforementioned spinoff, Kraft’s current payout represents less than half of its earnings, meaning the company still has room to keep stretching its dividend.

KRFT also is beating the market so far this year thanks to a 17% climb, and that’s despite some recent weakness.

Article printed from InvestorPlace Media,

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