Friends, let's cut through the noise. The tech sector is taking a beating, and the headlines are screaming about a market crash. But savvy income investors know: This is an opportunity!
When fear grips Wall Street, it creates incredible buying opportunities in overlooked sectors. As tech darlings like Nvidia tumble, high-quality dividend stocks are getting unfairly punished. This means YOU can step in and lock in yields most investors only dream about… yields over 7%!
But you need to act fast. These bargains won't last forever. Here are 3 rock-solid dividend stocks to add to your watchlist TODAY:
1. Whirlpool (WHR): Spin Cycle of Savings
Forget fancy AI chips – the world still needs washing machines and refrigerators! And that's where Whirlpool comes in. This appliance giant has a global reach and a portfolio of iconic brands, giving it a competitive moat that's tough to beat.
Sure, the company's stock has taken a hit, and as Sure Dividend points out, “Walgreens is facing tough comparisons.” They go on to state that “It lowered its guidance for earnings-per-share in 2024 from $3.20-$3.35 to $2.80-$2.95.”
But that's exactly why we're interested. That fear has pushed the yield on Whirlpool up to a juicy 7.1%! And while the market worries about short-term headwinds, I'm looking at Whirlpool's track record, brand strength, and the fact that people will always need appliances! With a C grade dividend safety rating from Sure Dividend, this stock might be a bargain at today's prices.
2. Altria Group: Smoke Out Inflation
The tobacco industry is under fire. But Altria Group, the company behind iconic brands like Marlboro, still generates massive profits. As U.S. News pointed out, the company has “a 35% investment stake in e-cigarette maker JUUL, and a 45% stake in the cannabis company Cronos Group (CRON).” That diversification, coupled with Altria’s “leading market share in the U.S. market,” makes this company much more than a simple cigarette maker.
In today’s environment, Altria’s 7.5% dividend yield is a beacon in the fog. Sure Dividend gives it a solid B for dividend safety, and as they aptly stated: “…there are a handful of high-quality monthly dividend payers around. Chief among them is Realty Income (O). Realty Income has paid increasing dividends (on an annual basis) every year since 1994.”
Could this be the next Realty Income? Keep it on your watch list and do your own research. But this is exactly the kind of contrarian opportunity I want you to be aware of.
3. Enterprise Products Partners LP (EPD): Pumping Up Your Income
Energy is in the spotlight for all the wrong reasons this year. But while politicians bash oil and gas, I see incredible income opportunities in the chaos. Enterprise Products Partners, a master limited partnership (MLP) focused on energy infrastructure, is a case in point. They own nearly “50,000 miles of natural gas, natural gas liquids, crude oil, and refined products pipelines,” plus a storage capacity of “more than 250 million barrels.”
This business doesn't rely on energy prices – they collect steady fees based on the volumes of stuff moving through their pipelines and storage facilities. In other words, whether oil is $80 or $180 a barrel, Enterprise makes money! And with a current yield of 7.2% and a “B” Dividend Risk Score from Sure Dividend, this MLP is a cash flow machine begging to be added to your income portfolio.
Don't Miss Out!
These are just 3 of the countless income opportunities hiding in plain sight in today's market. While others panic, do your homework and prepare to profit!
P.S. Tomorrow, I'm going to reveal the “off-the-radar” REIT that pays you WEEKLY dividends! You won't want to miss it. Make sure you are signed up for our free newsletter to get the alert!
