Some Top Dividend Paying Stocks to consider buying on the dip…

Ambev (NYSE:ABV)

Ambev is a Brazilian based beverage company that controls 70% of the beer market and around 40% of the total beverage market in Brazil. Its better known for its premium beer label Stella Artois. Interestingly, the company is also the largest Pepsi bottler outside the US and also controls the Latin American soft drink Guarana Anarctica – a popular local drink made from an Amazonian fruit which is the number 2 drink in Brazil (after Coca-Cola).

The company currently sports a 1.6% dividend yield and has increased the dividend for the last 6 years (at an average rate of almost 50%).  The stock is up 50% in the last 12 months but still represents a top dividend paying stock for the long haul.  This isn’t the biggest dividend paying stock out there but it does offer the compelling upside in a fast growing market.

Century Link, Inc. (NYSE:CTL)

We’ve profiled CTL at length in this article.  Suffice it to say, CTL has a current dividend yield of 6.50% and have been steadily increasing it for years (it’s more than doubled in the last 3 years).  The company is aggressively growing its earnings and marketshare and should be a solid high-yield dividend payer for years to come.

Omega Healthcare Investors, Inc. (NYSE: OHI)

This is a great company in one of our favorite dividend sectors…. in an awesome industry for long-term growth.  In the next 10 years, the number of retirement-age seniors will be almost 60 million (up from 40 million currently).  OHI is a healthcare REIT that owns assisted living facilities in 27 states.  OHI is currently yielding 6.5% and has grown its dividend almost 40% since the start of 2007.

StoneMore Partners L.P.  (NYSE:STON)

StoneMor, the biggest funeral service company in the U.S., operates in a rather unusual sector and judging from the business description, its stocks can easily be ignored on the first glance.

The seemingly morbid company, dealing with after-death services, has a completely different picture to present to its investors. Its striking 8% dividend (and growing) is ample proof that this age-old profession can actually be a very profitable (and very stable) business … which is perfect for investing for dividends.

StoneMor covers more than 26 states in the U.S., mostly on the East Coast, and Puerto Rico. It boasts of operating 260 cemeteries and 58 funeral homes. It primarily deals in interment rights, caskets, burial vaults, cremation niches, markers, and other cemetery related merchandise. It also offers digging and refilling of burial spaces to install the vault and place the casket into the vault.

 

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