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10 Dividend Picks For Your Portfolio: Chief Investors
CNBC.com Writer
Big dividends can mean big payouts for investors and in the current environment, analysts say a dividend strategy may not be a bad idea. Joseph Keating, chief investment officer of private asset management at RBC Bank, and George Ball, chairman of Sanders Morris Harris Group, shared their best plays. (See their stock picks, below.)
“We’re focused on the highest quality companies,” Keating told CNBC. “So we’ll forgo some really high dividend yields to make sure that the payment is really safe and secure… All safe, high quality companies.”
Keating said he likes the consumer staples, technology and telecom stocks.
“I think it’s a full 10 to 20 years that we will continue to grow and prosper in the U.S,” he added.
In the meantime, Ball said he prefers the utilities sector.
“When it comes to dividends, size matters,” he said. “And therefore, the utilities sector, which is decried by many to be drab, dreary and defensive, is a good place to put money for current yield and capital appreciation.”
Keating’s Picks:
Intel [INTC
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Verizon [VZ
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Enterprise Products Partners [EPD
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Baxter [BAX
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PepsiCo [PEP
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Ball Likes:
Kinder Morgan [KMI
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Duke Energy [DUK
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American Electric Power [AEP
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Dominion [D
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Enterprise Products Partners
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Other Market Views:
- Cramer: Why You Want These 2 Dividend Plays
- Play the Reflation Trade: Stock Picker
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
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CNBC Data Pages:
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CNBC Slideshows:
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Disclosures:
Keating owns shares of PEP, EPD, INTC, VZ and BAX.
Ball owns shares of EPD and KMP. He does not own shares of DUK, D or AEP.
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