From my initial Watchlist, Walmart ranked #1 and Anworth Mortgage ranked #6. Though they fell in line at rankings other than #1 and #6, I have replaced WMT and ANH with two new worthy dividend companies that are both relatively attractively valued at this point. The two new companies and their respective spots on the list are:
#3 - Intel Corporation (INTC): Yield - 3.1%.
From Morningstar,
Intel is the largest chipmaker in the world. It develops and manufactures microprocessors and platform solutions for the global personal computer market. Intel pioneered the x86 architecture for microprocessors.
Intel is a great company with 8 straight years of higher dividends. Recently, the stock has jumped from right around $20 to over $23 (in just the last few weeks) making it much less attractive, but what I believe is still a solid pick. I missed getting in around $19 and will be watching for any dip in price.
#8 - American Electric Power Co Inc. (AEP): Yield - 5.0%.
From Morningstar,
American Electric Power is one of the largest regulated utilities in the U.S. AEP's electric utility operating companies provide generation, transmission, and distribution services to more than 5 million retail customers in 11 states. About 80% of AEP's power is generated using coal. Approximately 55% of AEP's revenue comes from operations in Ohio, Texas, and Virginia.
American Electric Power is another great company that pays a solid dividend and is one of Josh Peters', from M*, picks in his 'Harvest' Portfolio. It is also what I believe to be one of the few value plays left (even despite its recent jump in price as well) and boasts a hefty 5.02% yield.
Both of these stocks are worth considering as additions to your income portfolios. I plan to initiate one more position this year in order to achieve one of my 2011 Investing Goals, and it may very well be in one of these two companies.
See a complete list of the updated Top 20 Watchlist Stocks here.
As always, I appreciate your thoughts and comments. What do you think of INTC or AEP?
Thanks for reading,
DivPartisan
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Intel is definitely a good addition. I don't know enough about AEP and coal based energy though ...
ReplyDeleteWhat is driving the order of your watch list?
The pull back in INTC today makes it eve more attractive. Glad to see it on your list. They have a solid yield and fundamentals but I think they have a lot of growth ahead in mobile. The Dividend Pig had a good post on this here: http://www.thedividendpig.com/?p=1380
ReplyDeleteThanks for the link Dividend Stocks...I'm still bullish on intel, especially after a good year and blockbuster first quarter. At $23 it's still at a pretty low p/e and good yield, and if your planning on building a long term position may be worthwhile
ReplyDeleteI agree with the others, INTC is a great addition to any portfolio, even though it's jumped over 10% from recent levels. Obviously, getting in at $20 or less would be great...for the long-term investor today's prices are still a good value with a low P/E ratio and a solid dividend.
ReplyDeleteThanks to all who commented. I really like both of these options (though I liked them much more about 3 weeks ago when I wrote the article). Anyway, it will be interesting to see where the market goes these next few weeks. Keep in touch,
ReplyDeleteIntel Corporation recently released its new chip set and is gaining ground in the stock market.
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ReplyDelete