If you mean to make a good use of your money, keep reading about the best blue chip dividend stocks in 2017. Insider Monkey recently published an article about this topic giving us some very useful tips. At first what is “blue chip company”? This term comes from Oliver Gingold in 1923. A blue chip company is generally regarded to be one that has managed to survive the market’s ups and downs, and become a large, well-known company having a long history of sound financial performance.
Blue Chip companies have solid business models that can endure tough conditions. Their stock prices are very high because these companies are valued based on their brand and good reputation. All this was pretty new to me, but it was very interesting to read the whole article.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three blue chip dividend stocks from their list.
The first company is Sunoco, LP (NYSE:SUN). Sunoco, LP (NYSE:SUN) is a retail seller and wholesale distributor of motor fuels to stores, dealers, customers and distributors. Sunoco is part of the Energy Transfer Partners, L.P. family of companies. The company owns 4,900 retail outlets in 26 states and more than 650 APlus-branded convenience stores operated either by the company or by third-party dealers. With more than 125 years of experience, the Sunoco brand is synonymous with quality and excellence. The second company in our list now is AGNC Investment Corp (NASDAQ:AGNC). AGNC Investment Corp (NASDAQ:AGNC) or American Capital Agency Corp., as it was formerly called, is an internally managed real estate investment trust (REIT). It primarily invests in agency mortgage-backed securities on a leveraged basis. AGNC Investment Corp (NASDAQ:AGNC) has a strong financial position with significant access to funding. The REIT pays monthly dividends, which currently have an attractive yield of 10%. At last but not least we are mentioning Vector Group Ltd (NYSE:VGR). Vector Group Ltd (NYSE:VGR) is a leading manufacturer and seller of cigarettes through its Liggett and Vector Tobacco subsidiaries. The company also has dealings in real estate through its New Valley subsidiary. Vector Group Ltd (NYSE:VGR) sells cigarettes under popular brand names like Eve, Grand Prix, Pyramid, Liggett Select, and Eagle 20’s. Vector’s real estate business owns over 20 properties, consisting of land, apartments, hotels, condominiums, and marginal stakes in commercial properties.
For any further interesting information read Insider Monkey’s article about 10 best blue chip dividend stocks in 2017 .