Dividend Investors know how hard it is to find companies that have a great yield and that are simultaneously growing at a reasonable pace. They also know that the best time to purchase a stock is when it is under market value. In this article, we are providing 5 companies that have growth and that react differently to market conditions. Savvy dividend investors know that while they are looking for profitable returns that they should buy resilient companies that don’t lose much value. However, trying to sift through all the technical data to discover what stocks are available and what stocks will be profitable can be a cumbersome endeavor. Here are our top safe high yield dividend stocks to invest in for January 2022.
1-Best Buy Co., Inc. (BBY)
Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances, and related services through its retail stores, as well as its web site.
At 2.73%, it provides a good return and exposes your portfolio to the consumer sector. After the price pulled back from $141.97 all the way to $100, this is the best time to initiate a position into BBY.
2- Newmont Corporation (NEM)
Newmont Corporation is mainly a gold company. NEM is focused on production and exploration of gold, copper, silver, zinc, and lead. It operates in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. The Company's segments include North America, South America, Australia, and Africa.
Yielding 3.49% a year, this stock acts as a safe haven if the markets start acting up. NEM provides a strong return and peace of mind to balance your portfolio.
3- Merck & Co., Inc. (MRK)
Merck & Co., Inc. is a global health care company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies, and animal health products. It operates through two segments: Pharmaceutical and Animal Health.
At 3.44%, MRK investors are enjoying a solid return with a world leading pharmaceutical company.
4- Verizon Communications Inc. (VZ)
Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information, and entertainment products/ services to consumers, businesses, and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group.
At a 4.67% yield, VZ investors have the stability of being invested in an icon company of telecommunications. They have ample free cash flow to cover the dividend and invest in the future of the company at the same time.
5- Lockheed Martin Corporation (LMT)
Lockheed Martin Corporation is a security and aerospace company. It operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. Missiles and Fire Control segment provides air and missile defense systems; fire control systems; manned and unmanned ground vehicles, and energy management solutions.
The 3.11% yield is great return from a reliable company. With the geopolitical unrest around the world, LMT is providing a hedge against any unwanted bad news abroad.