With half of 2017 already gone, it is high time to watch out for the 10 Best Blue Chip Dividend Stocks in 2017.
A blue chip company is generally considered to be one that has survived the market’s ups and downs, and become a large, well-known company having a long history of sound financial performance. The term ‘Blue Chip’ was coined by Oliver Gingold in 1923.
Blue Chip companies have solid business models that can endure tough conditions. Their stock prices are very high because Mr. Market values these companies based on their brand and good reputation. However, owning blue chip stocks in one’s portfolio does not guarantee total immunity from volatility, as was the case with large companies like General Motors Company (NYSE:GM) and Lehman Brothers during the Financial Crisis.
However, blue chip stocks generally give high returns over the long term and should add some degree of safety to one’s portfolio. It is not obligatory for blue chip stocks to give dividends. For example, technology giants like Alphabet Inc. (NASDAQ:GOOG) and Facebook Inc. (NASDAQ:FB) do not pay dividends. However, most blue chips have long records of paying dividends. The 10 Best Blue Chip Dividend Stocks in 2017 provide the potential for both capital growth and a steady income stream in the form of dividend payments.
We have collated a list of the 10 best blue chip dividend stocks in 2017, having a yield greater than 7%, and ranked them based on hedge fund sentiment. At Insider Monkey, we track insider trading and hedge fund activity to uncover actionable patterns and profit from them. We track over 700 of the most successful hedge funds ever in our database and identify only their best stock picks. Our flagship strategy has gained 44% since February 2016 and our stock picks released in the middle of February 2017 beat the market by over 5 percentage points in the three months that followed. Our latest stock picks were released in mid-May, which investors can gain access to by becoming a subscriber to Insider Monkey’s premium newsletters.
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