3 Best Dividend Stocks to Buy in May 2021 | Summary and Q&A

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May 6, 2020
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Let's Talk Money! with Joseph Hogue, CFA
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3 Best Dividend Stocks to Buy in May 2021

TL;DR

In this video, the speaker discusses three dividend stocks with yields above 5% and potential upside returns, providing insights on the market trends and his investment strategy.

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Questions & Answers

Q: What is the purpose of the speaker's dividend portfolio?

The speaker started a dividend portfolio to generate income and grow his investments. He adds three stocks to the portfolio each month.

Q: How does the speaker determine which stocks to add to the dividend portfolio?

The speaker looks for stocks with strong balance sheets, deep value potential, and opportunities for contrarian plays. He prioritizes sectors like healthcare, financials, real estate, and energy.

Q: Why does the speaker believe American International Group (AIG) is a good investment?

Despite AIG's past struggles, the speaker believes it has potential for a rebound due to its solid balance sheet and well-capitalized position. AIG's dividend yield of 5.5% also adds to its attractiveness.

Q: Why does the speaker recommend Phillips 66 as a dividend stock?

Phillips 66 is seen as a contrarian play in the oil industry. As a downstream company with refining, retail, and midstream pipeline assets, it is well-positioned to benefit from a potential rebound in oil demand.

Summary & Key Takeaways

  • The speaker updates his 2020 dividend portfolio with three dividend stocks, focusing on those with high yields and potential for returns.

  • The portfolio has experienced some losses, but the speaker remains confident in the long-term performance of certain stocks.

  • The speaker highlights the "sell in May" phenomenon and discusses the potential for a market sell-off during the summer months.

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