dividend paying penny stocks
Money Morning's Shah Gilani joined Fox Business' "Varney & Co." Tuesday morning to talk about this top sin stock that can deliver consistent money to your portfolio.
"[This stock] has a 4.7% dividend yield. I think you have to like anything that provides you income and that has appreciation potential," said Gilani. "[This stock] is always on the top of my list."
This stock delivered blockbuster Q2 profits. Watch this accompanying video to hear everything Gilani has to say about this dividend paying stock that can give your portfolio some profit protection.
Today, it's all about the fast money. In the market, out of the market... this stock, that stock...
Of course, that's perfectly fine for traders. The good ones earn small fortunes that way. But for folks who don't have that kind of experience, being nimble is simply an invitation to be whipsawed by the markets.
You may be one of them.
For instance, are you fed up with stock recommendations that only seem to last a couple of weeks?
Or do you constantly find yourself buying on a day when the market is hot, because you feel enthusiastic, only to end up selling on a bad day, because the same stock suddenly looked less attractive?
If so, there's a solution to all this day-to-day madness. Despite the rumors of its demise, there are still stocks you can buy and hold forever.
Of course, seasoned income investors have known this for years. That's why the truly rich don't spend their days watching the financial news and trading stocks. They're too smart for that.
They know that investing in steady-income producing dividend stocks is just as rewarding over the long haul.
How to Pick the Long-Term WinnersHowever, picking successful dividend-paying stocks is not as simple as buying only the stocks with the highest yield. In fact, the stocks with the highest yields are often the ones that trip up investors the most.
When it comes to buying stocks you can truly hold forever, what's important is the company's track record.