Wednesday, August 24, 2011

Two safety picks

Dividend paying stocks are the best of both world these days.  A dividend payment better than bonds or interest bearing accounts, and the upside of stock movement.  Here's two good stocks to play in that sector.  Sysco and Phillip Morris.

Sysco (SYY - $27.15):  Though hit recently for rising food costs and discounts given to customers hurt it's numbers this past quarter, and the chart isn't especially appealing, it's a stodgy company that will remain strong during a weak economy.  It used the last recession to pick up market share by acquiring rivals and still increasing it's dividend which currently yields 3.8%

  
*note: these charts continuously update, so prices may change from the time it was posted**

Phillip Morris (PM - $70.00) is a favorite of mine that I've held in retirement account along with MO for the past 5 years.  It yields 3.7% and is up 42% in the last year.  I favor PM over MO which yields 5.9% because of the prospects of the international business growing at a much faster rate than the domestic business of MO.


*note: these charts continuously update, so prices may change from the time it was posted**

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