dividend investors letting me know they were getting out of the market, while others asked if this was the beginning of another significant downturn. The first group are destined to always lose money in the market (sell low/buy high) and my answer to the second group was, 'I hope so!' Let me explain.
As a long-term dividend investor I love buying blue-chip companies when they go on sale and there is no underlying fundamental business reason. If you can buy a Ferrari at the price of a Camaro, most people would consider that a good thing, but for some reason many long-term investors fret whenever there is a major clearance sale on the stocks they want to own.
I keep a list of great stocks that I would love to buy or add to my current position. Here are a few on that list:
Automatic Data Processing, Inc. (ADP) | Yield @ Buy Price: 3.57%
Buy Price: $38.11 | Recent Price: $41.80 | Premium: 9.68% | Analysis
International Business Machines (IBM) | Yield @ Buy Price: 2.18%
Buy Price: $119.11 | Recent Price: $131.19 | Premium: 10.14%
Pepsico, Inc. (PEP) | Yield @ Buy Price: 3.04%
Buy Price: $59.28 | Recent Price: $66.07 | Premium: 11.5%
Genuine Parts Company (GPC) | Yield @ Buy Price: 4.68%
Buy Price: $35.04 | Recent Price: $41.25 | Premium: 17.7% | Analysis
Eaton Vance Corp. (EV) | Yield @ Buy Price: 2.59%
Buy Price: $24.67 | Recent Price: $32.80 | Premium: 32.93%
If the market drops, there is no need to panic if you are a long-term, buy-and-hold investor. While others are content to give away their stocks, I will pull out my wish list and see if any of my targets ready for harvesting.
Full Disclosure: Long ADP, PEP, GPC. See a list of all my income holdings here.
Tags: [ADP] [EV] [GPC] [IBM] [PEP]
- CVS Health Corporation: Trading Below Fair Value And Strong Dividend Growth
- Yum! Brands And 5 Other Stocks Just Gave Their Shareholders A Raise
Popular Posts - Last 7 days
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
Andy Warhol in 1968 said that "In the future, everyone will be world-famous for 15 minutes." In our society, many things follow th...
Linked here is a detailed quantitative analysis of Medtronic Inc. (MDT). Below are some highlights from the above linked analysis: Compan...
Each Sunday I highlight any notable articles that I came across over the past week, along with any Carnivals I participated in. For those re...
A pessimist might say life is a series of bad things happening, then we die. I certainty wouldn't go that far, but life often deals us u...
Monday, October 31, 2011 will mark my fourth full year of writing as Dividends4Life . It is hard to believe another year has passed. Like th...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
Long considered the domain of “ widows and orphans ”, utilities have developed a somewhat stodgy reputation. Why are utilities considered...
The Broad Dividend Achievers™ Index is comprised of companies incorporated in the United States or its territories, trade on the NYSE, NASDA...
When to buy a stock and at what price are very important decisions. However, serious investors will tell you the most important decision is ...