Dividend investing is an excellent option for investment especially for the people who are looking for steady income streams along with a certainty in life. Analysts suggest this kind of investing to those who want income post-retirement. The dividend kings usually are the blue-chip companies which are developed and mature. Rather than investing profits in the growth funnel, these people pay regular dividends to the investors. It is a beneficial retirement strategy to invest in low growth, high yield stocks to get a stable income without selling or buying any shares to get good profits and no loss. As per research from Insider Monkey. “However, dividend cuts are not uncommon, especially when markets are volatile. Data shows 42 companies in the S&P 500 suspended their dividends from March 2020 through July amid the coronavirus crisis. Most of these companies are operating in vulnerable sectors like services, airlines, travel, and restaurants. These companies include American Airlines, Ross Stores, Ford, Hilton, GM, Apache, Dominion Energy, Halliburton, and Occidental Petroleum. As the economy comes back to normal and vaccines are made available on a wider scale, most of these companies are expected to reinstate their dividends.”
Following are the companies which can be your prioritized choice to invest in 2021. The first top choice for investment is Stanley Black & Decker, Inc. which had a dividend yield of 1.59%. This company makes household and industrial products along with power tools. This company made it to 220 in the list of Fortune 500. Stanley Black & Decker grew its dividend in July 2020 for 53rd year straight. The revenue of the company jumped by 19% in its fourth quarter which is $4.4 billion. The Insider Monkey tracked the hedge funds at 38 in its third quarter. The second good stock company is California Water Service Group with a dividend yield of 1.64%. The company provides wastewater services and drinking water to 2 million people in Washington, Nex Mexico, Hawaii, and California. The dividend of the company increased for the 53rd year straight in 2020. The Insider Monkey tracked the hedge funds at 14 in its third quarter. The stakes total worth stands at $83.1 million. Are you curious to know more about such companies? Then visit 30 Dividend Kings of 2021 (Part I).