In the coming weeks I plan to do an introduction to dividend investing. Any extra money the wife and I have goes into dividend paying stocks. I wanted to start the series off today with an article discussing what the best dividend investments are as of today February 11, 2014.
1) Target (TGT) – A general merchandise store in that operates in the United States. They were recently hit by a credit and debit car breach that has caused the stock to drop. Currently trading near its 52 week low I think this is a good buying opportunity. It has a PE around 14, yields around 3% and has increased dividends over the last 39 years.
2) Second on my list is Phillip Morris (PM) I have been adding to my personal position in PM over the last couple months. It has some great chances for dividend as well as earnings growth which should allow it to continue to increase dividend payments in the years to come.
3) Coca Cola (KO) it is around its 52 week lock, trades at a PE of around 20 and yields around 3%, I will personally be initiating a position in KO when it dips below $36 a share.
Overall these are just a few companies for you to research to see if it fits your dividend invest objectives. I think if you can initiate positions in either of these three companies and are will to hold them for at least 5-10 years(what I plan to do), you will be pleasantly surprised with the results.
Stay tuned for my introduction to dividend investing post that I will continue to grow out with the A-Z of dividend investing.