Stocks That Pay Good Dividends
Today we were given four “stocking stuffer stocks” that pay good dividends. U.S. Bancorp (NYSE:USB), National City Corp (NCC), Asbury Automotive Group Inc. (ABG) and United Online (UNTD) were named as they “keep on giving.” Companies that pay big dividends that are paid for with earnings. USB has a 4.4% yield and has consistently raised dividends for 35 years. There is also a “magnificent buyback” and a “pristine balance sheet.” NCC brings a 4.2% yield with a big buyback, and Jim finds the company interesting because it is in transition. The recently sold the mortgage business and are now in the process of trying to establish a position in Florida. The move from a current Ohio base to Florida is smart according to Jim. ABG sells cars and has a 3.3% yield with good earnings growth with the money to pay and raise the dividend. UNTD was called the “big one” by Jim, with a 6.1% dividend along with “serious growth.” The stock should also move higher. These stocks should keep on giving and they should stuff your stocking with dividend dollars.
Leave a Response
