Monday, January 4, 2010

Dividend Paying Stocks

I love dividend paying stocks. Why you ask? While I am waiting for the stock to reach it's true value have a steady income stream to collect in the mean time. Case in point I love AT&T(T) and Verizon(VZ) right now. Both companies are out of favor and both pay huge dividends right now. (Both around 6%!) What this means is you can hold either stock for the next 5 years and they can stay at the same price and you will collect the 6% every year! Better yet they can raise there dividend at any time. Also love McDonalds(MCD) right now. It pays a smaller, around 3% dividend, they raised it last quarter. They probably will raise it again sometime this year. These are common sense safe conservative investments. That's it for today. Tony

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