In this article, we will be taking a look at 5 Safe Dividend Stocks to Quit Your 9 to 5 Job. To read our detailed analysis of dividend investing, you can go directly to see the 20 Safe Dividend Stocks to Quit Your 9 to 5 Job.
5. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders: 41
Dividend Yield: 4.6%
International Business Machines Corporation (NYSE:IBM) is a computer hardware company. It ranks 5th on our list of safe dividend stocks to quit your 9 to 5 job.
This October, Credit Suisse reiterated its Outperform rating on shares of International Business Machines Corporation (NYSE:IBM).
International Business Machines Corporation (NYSE:IBM) announced an EPS of $2.33 in the second quarter of 2021, beating estimates by $0.04. The company’s revenue was $18.75 billion, up 3.43% year over year and beating estimates by $447.50 million. International Business Machines Corporation (NYSE:IBM) has gained 8.95% in the past 6 months and 16.54% year to date.
According to Insider Monkey’s data, 41 hedge funds out of 873 held stakes in International Business Machines Corporation (NYSE:IBM) in the second quarter of 2021.
4. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 68
Dividend Yield: 5.6%
Exxon Mobil Corporation (NYSE:XOM) is another energy industry company on our list of safe dividend stocks to quit your 9 to 5 job. The company ranks 4th.
Truist analysts, as of this October, have a Hold rating on shares of Exxon Mobil Corporation (NYSE:XOM).
Out of 873 hedge funds, 68 hedge funds held stakes in Exxon Mobil Corporation (NYSE:XOM) worth roughly $3.7 billion in the second quarter of 2021. This is compared to 65 hedge funds in the previous quarter with a total stake value of approximately $2.8 billion.
3. Altria Group, Inc. (NYSE:MO)
Number of Hedge Fund Holders: 47
Dividend Yield: 7.4%
Altria Group, Inc. (NYSE:MO), a tobacco company, and among the largest sellers of cigarettes and related products, is next on our list of safe dividend stocks to quit your 9 to 5 job. The company ranks 3rd.
This September, BofA reiterated a Buy rating on shares of Altria Group, Inc. (NYSE:MO).
By the end of the second quarter of 2021, 47 hedge funds out of the 873 tracked by Insider Monkey held stakes in Altria Group, Inc. (NYSE:MO) worth roughly $948 million.
Broyhill Asset Management, an investment management firm, mentioned Altria Group, Inc. (NYSE:MO) in its second-quarter 2021 investor letter. Here’s what they said:
“Altria (MO) shook off the prospects of a ban on menthol and a potential cap on nicotine and gained 20%. We shared our thoughts on these regulations during the quarter, which are available here.
MO Valuation. MO is up ~ 18% YTD (even accounting for the recent sell-off). We expect MO to generate close to $5 in annual FCF per share over the next few years, putting the stock at ~ 10x, which is less than half the market’s multiple today. Over the last decade, shares have traded at an average multiple of 15x and within a range of ~ 10x – 20x (+/-1 standard deviation). The stock yields 7.2% at the current price, close to a 6% premium to treasuries. Historically, shares have traded closer to a 3% premium to the 10Y, which would imply a ~ $75 share price.”
2. AT&T, Inc. (NYSE:T)
Number of Hedge Fund Holders: 68
Dividend Yield: 8.1%
AT&T, Inc. (NYSE:T) is a telecommunications company, ranking 2nd on our list of safe dividend stocks to quit your 9 to 5 job. The company is the world’s largest of its kind and also the largest provider of mobile telephone services in America.
KeyBanc upgraded shares of AT&T, Inc. (NYSE:T) this October from Underweight to Sector Weight.
Our data compiled by the end of the second quarter of 2021 showed that 68 hedge funds out of the 873 tracked held stakes in AT&T, Inc. (NYSE:T) worth roughly $2.9 billion. This is compared to 63 hedge funds in the previous quarter with a total stake value of approximately $2.7 billion.
1. AGNC Investment Corp. (NASDAQ:AGNC)
Number of Hedge Fund Holders: 19
Dividend Yield: 8.82%
AGNC Investment Corp (NASDAQ:AGNC) is a real estate investment trust, or REIT, based in Maryland. The company ranks 1st on our list of safe dividend stocks to quit your 9 to 5 job.
Barclays holds an Overweight rating on AGNC Investment Corp (NASDAQ:AGNC) shares as of this July, alongside a $17 price target.
The end of the second quarter of 2021 saw 19 hedge funds out of the 873 tracked by Insider Monkey holding stakes in AGNC Investment Corp. (NASDAQ:AGNC) worth roughly $151 million. This is compared to 18 hedge funds in the previous quarter with a total stake value of approximately $167 million.
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