Play It Safe: Invest In These 5 Big Dividend Payers
Zacks Investment Research | Oct 12, 2016 10:42PM ET
Big dividend payers have been raking in significant gains in recent times. This is because investors continue to shy away from risky assets which might turn out to be an erratic earnings season. Instead, they place their bets on dividend payers, which are conceived to be relatively safe investment choices. To top it, the Fed minutes did not lend a clear insight into the interest rate hike possibilities, which bode well for dividend-paying stocks.
The month of October has traditionally seen a rise in volatility, especially when presidential elections are just around the corner. In such a precarious situation, dividend paying stocks are surely tempting picks because of their tremendous financial strength and resistance to market vagaries.
Disappointing Start to Q3
Alcoa Inc. (NYSE:AA) had unofficially kicked off the earnings season, with earnings and revenues falling short of expectations. Earnings for the company in the third quarter were 32 cents, below the Zacks Consensus Estimate of 34 cents. Revenues of $5,213 million also failed to beat the Zacks Consensus Estimate of $5,334 million. Alcoa also trimmed its revenue target for its Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions units this year (read more: Zacks Investment Research
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