Markets

4 Steady Dividend Plays In A Not-So-Steady Market

Shutterstock photo

A bear market tends to spare no stock, even those known for stable, juicy dividends. A screen of top dividend stocks run Tuesday yielded more than 60 names. The top 16, sorted by dividend yield, are shown in the Dividend Leaders screen to the left. The vast majority of names in the screen have suffered a lot of technical damage in recent weeks due to waves of institutional selling in the major averages. Only a handful of stocks were holding up above their 50-day moving averages.

Four names that made the cut offer dividend stability. Two have double-digit dividend growth rates.

Raytheon ( RTN ) is near highs as it works on a new base with a 110.86 buy point. It's scheduled to pay a quarterly dividend of 67 cents a share on Nov. 12 to shareholders of record Oct. 7. Its annualized dividend growth rate is 18%.

Meanwhile,J.M. Smucker ( SJM ) has a dividend growth rate of 13%. It's crafting a cup-with-handle base with a 118.60 entry.

Two other dividend leaders are acting well ahead of dividend payouts.

Food distributorSysco ( SYY ) is scheduled to pay a quarterly dividend of 30 cents a share on Oct. 23 to shareholders of record Oct. 2. Sysco is holding above its 50-day moving average as it works on a flat base with a 41.97 buy point. Sysco currently yields around 3.1%.

Campbell Soup ( CPB ), a member of this week's IBD Big Cap 20, hasn't made much progress after a recent breakout over a 48.40 buy point, but it's recovered nicely after the market's mini flash crash during the week ended Aug. 28. On Monday, Campbell's declared a quarterly dividend of $0.312 a share, payable on Nov. 2 to shareholders of record Oct. 14.

Two tobacco stocks,Altria Group ( MO ) andReynolds American (RAI), are flirting with technical breakouts. A potential early buy point for Altria Group stands at 56.49. Reynolds on Tuesday reversed after surpassing a 44.24 cup entry.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CPB SJM MO SYY

Other Topics

Investing