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Slow Money: Pros Pick Dividend-Paying Stocks

Monday, 13 Feb 2012 | 5:58 PM ET

Looking for some stocks to buy and hold?

The “Fast Money” pros take a breather to talk about long-term plays based on Bespoke’s list of companies that have managed to raise their dividend during one of the worst economic downturns.

Can the Market Climb Without Apple?
Can the market continue to climb without Apple, with Doug Kass, Seabreeze Partners Management. Also, a look for slow money -- consistent dividend growers with safe, attractive yields. And Bank of America continues to speed ahead in 2012, with CNBC's Melissa Lee and the Fast Money traders.

Guy Adami of Drakon Capital liked Emerson Electric.

“If you think the S&P is taking off from here, Emerson Electric, frankly, at 13 or so times earnings might be cheap, and it might be time to get on board that one,” he said Monday.

The Bespoke list included a mix of energy, utilities and healthcare names. The list and dividend yields:

  • ConocoPhilllips, 3.65 percent
  • NextEra, 3.64 percent
  • Johnson & Johnson, 3.49 percent
  • Abbott Laboratories, 3.46 percent
  • Bemis Co., 3.18 percent
  • Northeast Utilities, 3.09 percent
  • PepsiCo, 3.09 percent
  • Emerson Electric, 3.07 percent
  • Chevron, 3.03 percent
  • Linear Technologies, 2.92 percent

Value investor Karen Finerman of Metropolitan Capital Advisors went off the list to pick JP Morgan, which she thought would raise its dividend.

Without an increase the yield was 2½ percent, she said. “I wouldn’t be the least bit surprised to see it approach 3.”

Joe Terranova of Virtus Investment Partners liked Linear Technologies for “the earnings growth as well as the dividend increases.”

Off the list, he liked Limited Brands, which hit a fresh 52-week high and was “seeing continual earnings growth and has a nice dividend yield at 2¼ percent.”

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Trader disclosure: On Feb. 13, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova is long VRTS; Terranova is long LQD; Terranova is long MUB; Terranova is long IBM; Terranova is long EMC; Terranova is long AXP; Terranova is long AAPL; Terranova is long TRLG; Terranova is long JOY; Terranova is long SNDK; Terranova is long MCD; Terranova is long MA; Terranova is long OXY; Terranova is long SU; Terranova is long CNX; Terranova is long CSCO; Terranova is long SBUX; Terranova is long FXE; Terranova is long TBT; Nathan is long AAPL outs; Nathan is long BAC puts spread; Nathan is long DELL puts; Adami owns C; Adami owns GS; Adami owns MSFT; Adami owns AGU; Adami owns NUE; Adami owns INTC; Adami owns BTU; Nations is long SPY; Nations is long BAC; Nations is long C

For Jeremy Siegel
No disclosures

For Doug Kass
Kass is short QQQ

For Amelia Bordeau
No disclosures

For Mark Hulbert
No disclosures

For Dennis Gartman
Gartman owns DSX

Gartman is short EUO

Gartman is short Yen

Gartman is long Gold

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ABT
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CVX
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COP
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JNJ
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PEP
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Contact Fast Money

  • Showtimes

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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