Being an investor and trader, there are always opportunities out there. Many savers and investors are rushing more and more to buy stocks that pay a dividend and sees some growth. The question we often get is “How to find stocks that are safe, pay a dividend, and have some growth.” The answer to finding good dividend stock picks is proper research and patience.
I personally adopt a balanced strategy and rank each stock by technicals (long haul), fundamentals (long haul), and if there is large cash supporting the stock. I need risk to on my side when searching for stocks. My worse trades were when I bought with the crowd and ignored the fundamentals. This is very easy right now because there are many stocks that are moving purely on stock market momentum.
A short warning, many investors use stock screener tools to find the highest dividend stocks. Often the highest paying ones are real estate investment trusts (REITs) or Business Development Companies (BDCs). Investors need to very careful before investing in either a REIT or BDC because there are often HUGE risks that the average person can’t see.
Skyworks Solutions (SWKS):
Up first is Skyworks Solutions, Inc. (SWKS), which is the main semiconductor organization. The dividend is reliably developing and raising by Skyworks.
Skyworks has a strong dividend history:
• Dividend growth rate of three years: +14.2%
• Current profit per share: $0.50
• Three-year profit development rate: – 2.15%
The graph above shows the big money signals Skyworks stock has made over the last year. The current trend is very BULLISH with the SMA 20, 50 and 200 signally a strong upward trend. Skyworks has recovered enormously in spite of the fact that the coronavirus pandemic targeted all stocks and influenced productivity.
Broadcom Inc. (AVGO):
Broadcom is another leading semiconductor company. The company has an endurable dividend history because the Broadcom’s shares have recuperated from the pandemic selling pressure.
Broadcom has a pleasant dividend history:
• Three-year profit development rate: +76.1%
• Current profit per share: $3.25
• Three-year profit development rate: +262.35%
The following are the huge money signals that Broadcom stock has made over the previous year. Unmistakably the stock has mobilized back after a major market-wide pullback. The current trend for AVGO is very BULLISH with the SMA 20, 50 and 200 signally a strong upward trend.
The Home Depot (HD):
The Home Depot, Inc. (HD) is a main home improvement organization. Home Depot is a great dividend stock with an incredible stock price climb. It has been one of our favorite stocks to watch.
When settling on the best dividend stock, on the top of technicals, you should look beyond to check whether the interior portrait bolsters a long-term investment. As should be obvious, Home Depot has a solid dividend history:
• Three-year profit development rate: +25.4%
• Current profit per share: $1.50
• Three-year profit development rate: +17.29%
You can see that the stock has stabilized back from a dip recently. HD stock is very BULLISH with the SMA 20, 50, and 200 signally a strong upward trend. Personally we love buying on the dip.
For the long-term dividend investor, shares of Skyworks Solutions, Broadcom, and Home Depot speak to a potential purchasing opportunity. Given the solid verifiable dividend development and huge cash signals in the shares, these stocks could merit a spot in a yield-situated portfolio. As always, do your own research and make sure they are appropriate to your personal investment goals.