Today’s chart shows folks are still flocking toward dividends… And they’re still buying the basics.
Over the past few years, we’ve stressed the importance of dividends and high-quality stocks dozens of times in DailyWealth.
We practically went to your house and made you buy them.
In a world full of risk and fraud, getting paid steady cash dividends is one of the market’s best strategies.
This idea works hand in glove with the “buy the basics” strategy we’ve highlighted many times.
Often, the world’s safest and best dividend-paying stocks sell boring, basic products, like beer, soda, cigarettes, chocolate, razors, and toothpaste.
As you can see from today’s chart, this big idea is still propelling shares of cigarette giant Philip Morris (NYSE: PM).
This reliable, dividend-paying “basics” stock is a favorite of our colleague Dan Ferris.
Shares are in a steady uptrend… sitting near a new 52-week high… and benefiting from the “dividend momentum” trade we’ve been writing about.
– Brian Hunt
Source: Brian Hunt’s Market Notes