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For some investors, dividend-paying stocks are ideal since they can offer a steady stream of income. Here are 10 great dividend-paying stocks from various sectors that you can add to your portfolio.
Every type of investment has pros and cons. While there’s no such thing as the perfect investment, there is the right investment depending on who the individual investor is and how much risk he or she is willing to take.
For some investors, dividend-paying stocks are ideal since they can offer a steady stream of income. In particular, they can be attractive to retirees who can count on the stock for income even when they are no longer working. Plus, dividend-paying stocks tend to do better than non-dividend-paying stocks even in an economic downturn.
Goldman Sachs analyst Robert Boroujerdi recently identified his top dividend-paying stocks from various sectors.
“Boroujerdi like these stocks because companies have the capacity to pay, investors demand them, and they look more attractive than bonds,” according to Business Insider.
Here are the top 10 — in increasing order of dividend yield — from Boroujerdi’s list of the 23 best dividend-paying stocks.
Dell
Ticker: DELL
Price target: $13
Dividend yield: 3%
Sector: Technology
Applied Materials Inc.
Ticker: AMAT
Price target: $13
Dividend yield: 3.1%
Sector: Technology
JP Morgan
Ticker: JPM
Price target: $52
Dividend yield: 3.1%
Sector: Financial
BlackRock
Ticker: BLK
Price target: $220
Dividend yield: 3.2%
Sector: Financial
Republic Services
Ticker: RSG
Price target: $37
Dividend yield: 3.2%
Sector: Industrial goods
Norfolk Southern Corp.
Ticker: NSC
Price target: $67
Dividend yield: 3.3%
Sector: Services
Prudential Financial Inc.
Ticker: PRU
Price target: $74
Dividend yield: 3.3%
Sector: Financial
Validus Holdings
Ticker: VR
Price target: $44
Dividend yield: 3.3%
Sector: Financial
Pfizer
Ticker: PFE
Price target: $30
Dividend yield: 3.7%
Sector: Health care
HollyFrontier Corporation
Ticker: HFC
Price target: $69
Dividend yield: 8.4%
Sector: Basic materials
See the full list here.