I would like $5 dividends, need three stock recommendations?

I am not looking for popular "high yield" investments, because the dividend for those stocks needs watching. I intend to sit on a stock for the year. A stable, mindless dividend paying /share is all that I’m after. Something that will sit there and spit out money reliably. Sure, yield is a little important to me – but stability much more so. Am I unrealistic? What are your picks?

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August 9th, 2010 at 5:02 pm
Hey Jim
I think you mean 5% Yield. A $5.00 dividend even at 1% yield would mean the stock was trading at $500 a share. That said there are alot of stocks in the 5+% range that would fit what your after.
AT&T(T) 6.4%
Verizon(VZ) 6.5%
Altria(MO) 6.6%
British Petr.(BP) 5.6%
These are some of my favorite dividend plays! Hope this helps.
August 9th, 2010 at 5:02 pm
What is the point of looking for a dollar amount in dividend. It is percentage that is important. A stock paying a $5 dividend but selling for $25 would be a lot different than one selling for $2500 a share. Think in terms of percentage. A higher percentage, like the gas/pipeline trust companies (SJT, HGT), or mid-range like NAT, rather than the long-time favs like GE, MCD, and JNJ.
August 9th, 2010 at 5:02 pm
It’s meaningless to look for stocks that pay a set dollar amount per share without looking at the share PRICE. That’s what yield is all about. Yield should be your primary factor.