TheStreet.com’s Weinstein: Pepsi, J&J, GE Among Best Picks of Rising Dividend Stocks

Friday, 21 Dec 2012 07:53 AM

By Dan Weil

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Conagra Foods, PepsiCo, Dow Chemical, Johnson & Johnson, Vale (a Brazilian metals company) and General Electric represent the favorite choices of TheStreet.com contributor Robert Weinstein among dividend stocks whose prices are rising.

• Conagra. “After adjusting for dividend payments, if my price target is met, ConAgra will return a gain of over 20 percent” in the next year, he writes.

• PepsiCo. “Short interest is so low I only include it to demonstrate the smart money is not betting against this company — 0.7 percent of the float is short.”

Editor's Note: Economist Warns: ‘Money From Heaven a Path to Hell.’ See Evidence.

• Dow. “I expect we will read about upward moving analyst’s price targets in the first quarter 2013.”

• Johnson & Johnson. “J&J features an oversized dividend yield of 3.4 percent along with an investor-pleasing upward trajectory price chart.”

• Vale. “Even following the massive 67 percent [share] price increase during the last month, the yield remains above 3 percent.”

• General Electric. “GE is politically connected, financially connected and management-talent connected.”

If you’re looking for other safe investments that produce sizable income, you might consider master limited partnerships (MLPs), which are largely oil and gas pipeline companies, and real estate investment trusts (REITs).

Much of MLPs’ dividends count as return of capital and thus aren’t taxed. REITs, meanwhile, allow you to participant in the nascent real estate rebound.

Editor's Note: Economist Warns: ‘Money From Heaven a Path to Hell.’ See Evidence.

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