Friday
Mar052010
Even Dividend Stocks are Breaking Out
Friday, March 5, 2010 at 02:02PM High dividend payers have done very well recently. One specific name is Altria Group (MO), which has broken out to a new bull market high today. Altria hasn't gone from $10 to $100, but it has risen from about $14 to $21 since the March lows, all the while yielding more than 6.5%. MO's current indicated yield is 6.77%, which provides some nice income. As long as the stock remains in an uptrend, Altria seems like an attractive play.
The iShares Dow Jones Select Dividend ETF (DVY) has also broken out to a new high today. Like MO, DVY is also trading in a very nice uptrend.
(Note: We began providing a new Daily Dividend Report over at Bespoke Premium this week that dividend investors may find useful.)
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