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Buy The Big Dividend Stocks?
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If you follow financial news closely, you probably know that in recent days companies such as Fortress Investment Group [FIG
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] have said they will suspend their quarterly dividend.
Other firms, that don’t want to eliminate the dividend all together, have lowered it substantially. Wachovia [WB
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] would fall into that category.
And yet others, including GE [GE
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], the parent of CNBC, have promised investors that they intend to keep paying dividends.
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High Dividend Yields in S&P 500
COMPANY YIELD
Altria (MO) 8.6%
Harley Davidson (HOG) 7.9%
Pfizer (PFE) 7.8%
Bank of America (BAC) 7.6%
Morgan Stanley (MS) 7.2%
Source: Standard & Poors
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With so much uncertainty and confusion surrounding dividends, what's the best dividend stock play?
Karen Finerman
I always look at companies with business models that have predictable cash flows, explains the Chairwoman. I like the tobacco names such as Reynolds [RAI
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], Altria [MO
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] and Philip Morris [PM
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] as well as companies in the liquor business such as Diageo [DEO
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].
And be careful of Harley Davidson [HOG
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] she adds. It has a lot of consumer exposure.
Jeff Macke
I like Phillip Morris [PM
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], too, adds the Wolf.
Guy Adami
I’d go to the utilities, says the Negotiator. PG&E [PCG
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] has been crushed and it seems to have been bottomed out.
If you’re looking at Pfizer [PFE
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] right now it’s probably dead money.
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Trader disclosure: On Dec. 10th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (SDS), (MSFT), (WMT), (MCD); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (F), (MER); Seygem Asset Management Owns (EEM), (FXI), (RIO); Finerman's Firm Owns (DSX), (DEO), (MSFT), (MO), (PM), (RAI), (DVN), (DYN; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (COF), (GNK), (SPG), (USO); GE Is The Parent Company Of CNBC
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO: Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)
Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (OFC), (DLR), (EXR), (IGE), (MAC), (DBC), (DBV), (SKT), (UA); Virtus Investment Partners Owns More Than 1% Of (CLB); Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights
Data is a real-time snapshot *Data is delayed at least 15 minutes
