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My 12 High-Quality Dividend Picks: Chief Investor

Published: Tuesday, 3 Nov 2009 | 1:02 PM ET

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By: JeeYeon Park
CNBC News Associate

Dividends can be a way for investors to effectively safeguard returns during volatile times. Joseph Keating, CIO of RBC Bank Private Asset Management, shared some of his best dividend picks for investors.

“We’re focused on the highest quality names,” Keating told CNBC.

He recommended Colgate-Palmolive [CL Loading... () ], Proctor & Gamble [PG Loading... () ], and Pepsi [PEP Loading... () ], 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 [EPD Loading... () ], Energy Transfer Partners [ETP Loading... () ] and Plains All American Pipeline [PAA Loading... () ],” he added.

Keating also likes the telecom giants AT&T [T Loading... () ] and Verizon [VZ Loading... () ].

“Over the health care arena we’re underweighted, but we do like Johnson & Johnson [JNJ Loading... () ] and Abbott Labs [ABT Loading... () ],” he said. “In technology, the yields are not that high in companies like Intel [INTC Loading... () ] and IBM [IBM Loading... () ]—[but they are] very safe, secure dividends.”

And Don't Miss:

Want higher dividend yields? “They come with some risk, but that doesn’t mean one should never do it,” said John Dorfman, portfolio manager of Dorfman Value Fund. Read his stock recommendations.

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