He recommended Colgate-Palmolive , Proctor & Gamble , and Pepsi , which offer 2 to 3 percent dividend yields.
“If you want to get higher, you can go into the pipelines—we like the energy infrastructure in the United States—names like Enterprise Product Partners , Energy Transfer Partners and Plains All American Pipeline ,” he added.
Keating also likes the telecom giants AT&T and Verizon .
“Over the health care arena we’re underweighted, but we do like Johnson & Johnson and Abbott Labs ,” he said. “In technology, the yields are not that high in companies like Intel and IBM —[but they are] very safe, secure dividends.”
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No immediate information was available for Keating or his firm.