I recently posted Chasing Value: Final list -- 8 stocks for 2008 and mentioned that all of them pay a dividend. If this year is going to be as gloomy as some would have you believe, then stocks that pay dividends, as a group, will outshine those that do not.
The following are my eight picks, with the closing stock price as of my start date December 28, 2007 and the dividend yield. Last year, there were more stocks among my picks that paid a dividend higher than the S&P 500 Index average of 1.8% . This year there are only two.
- Anglo American plc (ADR) (NASDAQ: AAUK) $30.79. 1.9%
- Bunge Limited (NYSE: BG) BG was $119.03. 0.56%
- Huaneng Power International, Inc. (ADR) (NYSE: HNP) HNP was $41.75. 3.5%
- Loews Corp. (NYSE: LTR) at $49.35. 0.50%
- Newcastle Investment Corp. (NYSE: NCT) was $13.08. 22%
- Raytheon Co. (NYSE: RTN) RTN was $61.51. 1.65%
- Reliance Steel & Aluminum (NYSE: RS) $54.32 per share. 0.58%
- Valero Energy Corp. (NYSE: VLO) VLO was $70.55. 0.66%
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