Everyone knows that dividend stocks pack a one-two punch of security and profit opportunity. As a holder of dividend stocks, you receive a steady stream of income from your investment. You can refer to my Blue Chip Growth investing advisory for insights on where to find the best dividend yields.But there is much more to a quality dividend stock than just this income. If you haven’t taken a look at these five dividend stocks that should be sold right away yet, I recommend you do so because they’re all big names on Wall Street.
The fact is that the constantly changing market has made things more complicated for yield-seekers. In a different market environment, I’d usually have no problem unearthing dividend stocks that are ripe for the picking, which you can read more about in my Blue Chip Growth investing advisory.
However, right now I’m being especially picky with my high-yield recommendations due to the uncertainty surrounding interest rates. You can’t be too careful in this market.
So, to get you started, I’ve crunched the numbers and have uncovered the top three dividend stocks, and you can learn more about the best dividend stocks to buy from my Blue Chip Growth investing advisory.
Here are my criteria for selecting today’s top three dividend stocks:
- A dividend yield over 3% — after all, this is a profit maximizing exercise!
- A dividend yield that isn’t substantially higher than competitors’ — remember, that’s a red flag for fundamental problems.
- At least a B rating — there’s no point in looking into it if it’s a C-rated stock, which makes it an automatic hold.
- A significant increase in dividend payments over the years.
Keeping these criteria in mind, I have a list of three superb dividend stocks that have an average dividend yield of 3.8%:
- Chatham Lodging Trust (NYSE:CLDT) — 4.1% dividend yield
- Lockheed Martin Corporation (NYSE:LMT) — 3% dividend yield
- Altria Group Inc (NYSE:MO) — 3.7% dividend yield
Despite some of the macro forces weighing on dividend stocks right now, there still are a handful of premium income plays on the market right now. All I recommend is that you continue using Portfolio Grader and subscribe to my Blue Chip Growth investing advisory to help you separate the wheat from the chaff.
Louis Navellier has seen booms, plunges and meltdowns (and everything in between) over the last 15 years as editor of the popular Blue Chip Growth investing advisory. Since launching Blue Chip Growth in 1998, he has generated returns of 345% versus the S&P’s 96%, beating the market by more than 3 to 1. Using a combination of quantitative and fundamental analysis, Mr. Navellier identifies the high-quality stocks that will give his readers market-beating returns — in all market conditions. His latest analysis has uncovered five stocks that will weather the coming market volatility and rebound strongly, handing investors who get in now double- and triple-digit returns. You can find complete details here in his latest Special Report: 5 Rotation Rally “Return Giants” That Can Crush Volatile Markets. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.