Tags: Morningstar | Peters | Dividend Stocks | Southern | Chevron

Morningstar's Peters Likes Dividend Stocks GE, Southern, Chevron

By    |   Monday, 11 August 2014 11:18 AM EDT

Morningstar's dividend-stock guru Jeremy Glaser, editor of its DividendInvestor newsletter, recommends General Electric, Chevron and Southern for your portfolio.

General Electric Co.: "This is a very straightforward dividend-value proposition," he tells Morningstar.com.

"The stock has been yielding over 3 percent for some time now. That's half again or more than you can get from the market overall." GE's yield totaled 3.5 percent Friday. GE's businesses are "world-class," Peters says.

Editor’s Note: Get These 4 Stocks Before 399% Stock Market Rally!

Chevron Corp.: While other companies such as ExxonMobil have been seeking to maximize cash flow and then devoting it to share buybacks or hoarding it, Chevron is putting its money back into operations, Peters says. "It has been really lucky with the drill bit. Now they have this vast opportunity to go out and develop."

Southern Co.: "Traditionally it has been really the go-to name in regulated utilities," Peters says. "It's very large with substantial operations in four states. Even more importantly, they've had terrific regulatory relations in those states. Regulators allow them to earn higher returns than most utilities get.

S&P Capital IQ analyst Jim Corridore gives GE a four-star (out of five) buy rating. S&P Capital IQ analyst Stewart Glickman has a four-star buy rating for Chevron. And S&P Capital IQ analyst Christopher Muir has a three-star hold rating for Southern.

GE shares have returned a negative 7.5 percent so far this year through Thursday, Chevron shares have returned 2.3 percent and Southern has returned 7.5 percent.

Editor’s Note: Get These 4 Stocks Before 399% Stock Market Rally!

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Finance
Morningstar's dividend-stock guru Jeremy Glaser, editor of its DividendInvestor newsletter, recommends General Electric, Chevron and Southern for your portfolio.
Morningstar, Peters, Dividend Stocks, Southern, Chevron
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2014-18-11
Monday, 11 August 2014 11:18 AM
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