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One of the worst days of the year with inflation concerns spreading like wild fire. The consumer price index (CPI) is now 4.2% which is the highest increase since 2008. Economists forecasted an increase of 3.6%. Core CPI, which excludes food and energy, rose 3% year over year. The 10-year Treasury yield was up sharply, sitting at 1.69%. The 10-year Treasury yield late Tuesday was at 1.62%. The US bond market is the real man behind the curtains for stocks, yet I've always said it could go as high as 2 or 2.2% without huge cause for panic.
More so, we are still in a sector rotation and it seems that dividend stocks will be the safest bet continuing into the summer, and growth/innovation stocks might not wake up from hibernation until October/November. Of course with tech being consistently beaten down this year, investor should eventually get to a point where they start buying. These companies are still GOOD, but their stocks are BAD right now. With inflation concerns and a harsh bond market, the environment is just not suited for growth. This is a dividend stocks kind of environment.
Of course there are always the big dogs when it comes to dividend stocks, but I will give you a list of my top dividend stocks that I like going into the summer of 2021.
$O- Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Puerto Rico, and the United Kingdom that are subject to NNN Leases. They pay a 4.5% MONTHYLY dividend. It is similar to collecting a rent roll.
$AMT- American Tower Corporation is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide. They pay a 2.28% dividend.
$T- AT&T Inc. is an American multinational conglomerate holding company, Delaware-registered but it is headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world’s largest telecommunications company, and the second largest provider of mobile telephone services. They pay a 5.8% dividend yield.
$XOM - Exxon Mobil Corporation, stylized as ExxonMobil, is an American multinational oil and gas corporation. They also pay a 5.8% dividend yield.
$ABBV - AbbVie is an American publicly traded biopharmaceutical company founded in 2013. It originated as a spin-off of Abbott Laboratories. They pay a 4.52% dividend yield.
$SDY and $VYM
Both good looking ETFs that make dividend investing simpler. Of course I am always a fan of ETFs, but I do like both of their holdings. SDY has more oil and energy exposure and VYM has more financials exposure. Both pay around 3% dividend yield and its hard to go wrong.
If you are wanting to move some capital around in your portfolio into these safer dividend stocks, don't be afraid. My advice is to wait until the next round of bad economic data that will come out and which will short squeeze the tech/growth stocks up. Maybe at that point it is a good opportunity to get out of some positions that worked in 2020 and into some that are working in 2021. I wouldn't be scared to do that.
Let me know what dividend stocks you like!
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