We are living “in interesting times.” A World in turmoil, inflation, recession, supply-chain shortages, crime, open borders, and power-elites that want to control every aspect of our daily lives. You think it’s bad now… Two more years of Joe Biden, with “a pen and a phone,” and even Democrats may be tearing their hair out!?
With all this uncertainty, the pundits advise buying gold & silver, real estate, and other hard assets. What they don’t tell you is that no other asset class “displays the stability of long-term real returns as do stocks.” And dividend paying stocks (DRIPs) outperform everything!
As DRIP investors, we only purchase great businesses that have paid and raised annual dividends each, and every year, through recessions, depressions, wars, and stock market declines. Our dividends or cash flow continues to grow, which we need to pay for our basic living and lifestyle expenses.
Here are seven new DRIPs that we have added to our portfolio which are Great Businesses to Buy Now:
1) Medtronic PLC (MDT) - $79.81, Yield = 3.2%, Paid 45-Yrs, 10.25% Avg Incr.
2) T Rowe Price Group Inc (TROW) - $118.92, Yield = 3.88%, Paid 36-Yrs, 13.41% Avg Incr.
3) Arbor Realty Trust Inc (ABR) - $13.73, Yield = 11.32%, Paid 10-Yrs, 23.97% Avg Incr.
4) Associated Banc-Corp (ASB) - $23.29, Yield = 3.58%, Paid 11-Yrs, 17.47% Avg Incr.
5) Broadcom Inc (AVGO) - $507.21, Yield = 3.2%, Paid 13-Yrs, 40.18% Avg Incr.
6) Avient Corporation (AVNT) - $31.75, Yield = 3.01%, Paid 12-yrs, 17.47% Avg Incr.
7) Cogent Communications Holdings Inc (CCOI) - $56.41, Yield = 6.42%, Paid 10-Yrs, 33.03%
With respect to the above DRIPs, they have paid and raised Dividends, each, and every year for 10-to-45 years. The average annual increase in the dividends paid over 10 years ranges from a low of 10.25% (MDT) to a high of 40.18% (AVGO).
“For those investors who adopt ten and fifteen year horizons, the dividend investment strategy will lead to financial independence for life. Regardless of the direction of the market, a constant and growing dividend is a never-ending income stream.” See The Best Kept Secret to Financial Freedom, page 19, available from Amazon.com.
In today’s environment, the only safe investment is to buy great businesses with worldwide operations, that have survived wars, recessions, and depressions; and have paid and raised dividends for at least 10-to-25 years, and longer. Anything else is pure speculation.
For now, let’s pump up our cash flows using the DRIP strategy, so we are financially ready for anything. Find comfort staying close to our families, friends, and neighbors; and hope that 2024 arrives without too much mayhem.
Dum Spiro Spero—While I breathe, I hope.
Slainte mhath,
Robert G. (Mike) Beard Jr., C.P.A., C.G.M.A., J.D., LL.M.
PS: I just completed my newest book, Freedom vs. Democracy, which is available through our website or directly from Amazon.com. For those of you who would rather listen to it while driving, it is available as an Audio Book. It is a must read for anyone searching for a principled process of restoring freedom or “rightful liberty.”