With dividends being cut at the fastest rate in 50 years, dividend investors suddenly have their work cut out for them. Most dividend investors, invest in dividend stocks because of the low maintenance requirements and the compounding advantages that they bring to the owner. In a market like this, dividend investors, in fact have more maintenance to perform on their portfolio than most other stock investors. Investors in dividend stocks now have to watch their investments like a hawk to ensure that their strategy doesn’t fly out the window and leave them behind. Though having to perform more upkeep than most are used to, if they remain attentive to their investments they will reap the rewards of their hard labor.
I gathered up 3 dividend stocks with steady earnings outlooks when compared to their peers and no foreseeable signs of cutting dividends in the near future.
| stock | Fri. Closing Price | Annual % yield | Forward Price to Earnings Ratio |
|---|---|---|---|
| (T) AT&T | $24.62 | 6.70% | 10.8 |
| (BMY) Bristol Myers Squibb | $21.41 | 5.80% | 9.6 |
| (NYX) NYSE Euronext | $22.00 | 5.50% | 7.9 |
I like AT&T (T) under $22.00, because they seem to remain a few steps ahead of the receding economy. Bristol Myers Squibb (BMY) continues to show dividend growth over a decade and running. They also aren't feeling the effects of the recession like AT&T (T). I like NYSE Euronext (NYX) because they create an excellent value play bringing along an extra 5.50% yield for the ride. Estimates down a bit and I expect they may go down a bit more, thus I am putting my limit order in for $18.00 a share, confident that my trade will execute by week's end.
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