With the start of a new trading month, it is time, once again for me to highlight some of my potential stock buys for November.
First up, I’m thinking about buying more AT&T Inc. (T), especially if stock prices remain at $30 or below. I have been adding to my T nibbling for several months as prices remain depressed and yields get pushed ever higher. Sure, there are a lot of near term headwinds this company is currently facing, not least of which is its debt load, but, the dividend still appears to be quite safe and can reward patient shareholders over the long haul. T remains about 2% of my taxable account and much less when compared to all three of my portfolios. In other words, I’m still comfortable adding to my position.
Next, I am still looking at Altria Group, Inc. (MO) and Philip Morris International Inc. (PM) for the month of November. You already know the juicy yields both of these stocks sport as well as their long dividend payment histories. Between the two, PM looks to be slightly better valued than MO at current prices.
Finally, General Dynamics Corporation (GD) is another stock that is looking interesting this month. With a forward PE of only 10.9 and a reasonable forward yield north of 3%.
There you have it. My short list for the month of November. Of course, with market volatility high these days some new opportunity not listed here may present itself. What do you think about my stock considerations? Are you buying any of these names too? Please let me know below.
Disclosure: Long T, MO, PM, GD
10 thoughts on “November 2020 Stock Considerations”
AT&T is a telecom’s company, which meant to flourish during this pandemic, when people are sitting at home and using a lot of broadband, mobile and other services.
It is not doing well at the moment, so what makes you want to buy it?
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For now, the yield is hard to ignore. It is safe and continues to grow while the stock flounders. Some see T or even MO as a bond proxy.
Along the same lines of AT&T is Comcast (CMCSA). While I know Comcast is not really liked by consumers, it pays a 2.2% dividend and has grown its dividend by 387% since 2010. I just bought it in my 401k.
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I have seen CMCSA in a few dividend portfolios over the years. Frankly, I never checked it out in any detail though that dividend growth rate is hard to argue with.
T and MO – I’ve been doing the same the past couple months and will probably continue as well… while both stocks have their issues — for now the dividends look safe, yields are great, and I believe both will overcome the negatives they’re dealing with.
Divs4Jesus.com recently posted…DIVIDEND REPORT :: OCTOBER 2020
I know both T and MO are stocks many love to hate but from a dividend perspective there is a lot to like. Constant growth for decades and a yield that is very juicy by any standard today. I’ll take little or no capital appreciation in return for a yield of 7% – 9% that is “safe.”
Gd,went up on rise ,GD,MMM are some i am looking at adding.
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