You Need Dividend Stocks Now. Here's Why – and Here Are 3
Portfolio Pulse from Benzinga Contributor
The article discusses the importance of investing in dividend stocks and suggests three dividend stocks to consider: iShares Select Dividend ETF (DVY), Diageo (DEO), and Unilever (UL). The author believes that a barbell approach, combining growth stocks with dividend stocks, can create a balanced portfolio.
June 01, 2023 | 2:11 am
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Diageo (DEO) has a 2% yield and strong premium alcohol brands. Its revenue from the super-premium segment has been growing by more than 20% per year, and its operating profits are projected to grow by 6% to 9% per year through 2025.
The article highlights DEO's strong premium alcohol brands and its growing revenue from the super-premium segment. The company's projected operating profit growth through 2025 also makes it an attractive investment for those looking to add dividend stocks to their portfolio.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
iShares Select Dividend ETF (DVY) has a reasonable 0.38% expense ratio, 107 holdings, a trailing yield of almost 4%, a P/E of 11, and a beta of 0.74, indicating it's a bit safer than the market.
The article highlights DVY's attractive features, such as its reasonable expense ratio, high yield, and lower risk compared to the market. These factors make it a potentially good investment for those looking to add dividend stocks to their portfolio.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Unilever (UL) has a 3.4% yield and a diverse product portfolio. The company's stock price has been languishing, but the addition of activist investor Nelson Peltz to the board and the upcoming retirement of CEO Alan Jope could be a catalyst for change.
The article highlights UL's diverse product portfolio and its 3.4% yield. The addition of activist investor Nelson Peltz to the board and the upcoming retirement of CEO Alan Jope could be a catalyst for change, making it an attractive investment for those looking to add dividend stocks to their portfolio.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100