Stocks have been going thru some of the toughest times in memory. In Nov alone, Dow has declined more than 1K even after the huge rally in the final hour on Fri. During these times, dividends take on a growing importance.
Falling stock prices have raised yields sharply for all div paying stocks. Many ordinary stocks which used to have yields of minor importance, maybe 1-2%, have seen their yields shoot up to 3, 4, 5 & even 6%. Over the long run locking in these yields should prove very rewarding. A few of the stocks I think of with well covered divs & good track records of continuous div increases are: Caterpillar (CAT), Chevron (CVX), Kimberley Clark (KMB), McDonalds (MCD), McGraw-Hill (MHP) & VF Corp (VFC). Of course the very venturesome can get extraordinary yields from MLPs, REITs & high yield bond funds. It's hard to believe that yields of 15, 20 & even 30% are available.
I've been posting ads from Google & Amazon. These are 2 of the largest players on the internet, the ads should be of the highest quality. The content of the Google ads are dropped in by Google based on the written material in the blog. However I choose the ads from Amazon, trying to use ones you might enjoy. One features a daily special, another is a search button for their site & the last is a photo charm I think is cute. Hope you enjoy them.
Back to the markets, it's hard to take a 500 point rally in just hour very seriously especially when markets are so greatly oversold. This week will feature Black Friday when retailers are supposed to have such good sales they can break into the black, I don't know about this year. The following week will include sales for autos in Nov which probably will be dreadful. There is just too much negative thinking overhanging the markets along with year end tax & portfolio selling to see major gains coming before year end.
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