Top 5 Safest Stocks To Own Right Now

Many investors rely on their investment portfolios to generate the income they need to make ends meet. For them, dividend stocks are a natural choice, because they offer regular payments of dividend income, as well as the chance to enjoy share-price gains when the company’s underlying business is successful. Especially for those who are retired and living on fixed incomes, the ability to benefit from a combination of stock appreciation and reliable income is huge, and many top dividend stocks also have good track records of boosting their payouts on a regular basis as well, adding to their attractiveness.

Most dividend stocks have one drawback for income investors, though: They tend to make their dividend payments only on a quarterly basis. That’s fine for the company, but it doesn’t always work out well for shareholders who have monthly income needs. A few dividend stocks, however, have figured out that meeting their investors’ needs can be a smart move, and they’ve therefore chosen to make monthly dividend payments. Although income investors naturally prefer the highest dividend yields they can find, the highest-yielding monthly dividend stocks aren’t necessarily the ones with the safest dividends. Shareholders have to seek out top dividend stocks not based solely on yield but also on other features, such as whether they offer dividend reinvestment plans. Later in this article, we’ll reveal five top monthly dividend stocks, but first, let’s take a closer look at why monthly dividends are attractive and what you have to do to avoid potential mistakes in choosing stocks.

Top 5 Safest Stocks To Own Right Now: Altura Mining Limited (ALTAF)

Advisors’ Opinion:

  • [By ]

    Altura Mining [ASX:AJM] (OTC:ALTAF)

    On April 30, Altura Mining announced: “Stage 2 Definitive Feasibility Study at Pilgangoora delivers outstanding results.” Highlights include:

Top 5 Safest Stocks To Own Right Now: Flaherty & Crumrine Preferred Securities Income Fund Inc(FFC)

Advisors’ Opinion:

  • [By Max Byerly]

    Mainstay Capital Management LLC ADV raised its position in Flaherty&Crumrine Prfrd Scts Incm Fd Inc (NYSE:FFC) by 1,792.0% in the second quarter, HoldingsChannel.com reports. The fund owned 66,220 shares of the financial services provider’s stock after purchasing an additional 62,720 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Flaherty&Crumrine Prfrd Scts Incm Fd were worth $3,500,000 as of its most recent SEC filing.

Top 5 Safest Stocks To Own Right Now: Invesco Trust for Investment Grade Municipals(VGM)

Advisors’ Opinion:

  • [By Max Byerly]

    Media headlines about Invesco Van Kmpn Trst Fr Invst Grd Mncpl (NYSE:VGM) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Invesco Van Kmpn Trst Fr Invst Grd Mncpl earned a news impact score of 0.19 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.4657191418091 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Top 5 Safest Stocks To Own Right Now: Pinnacle West Capital Corporation(PNW)

Advisors’ Opinion:

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Pinnacle West Capital (PNW)

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  • [By Logan Wallace]

    Bank of America upgraded shares of Pinnacle West Capital (NYSE:PNW) from an underperform rating to a neutral rating in a research note issued to investors on Friday morning, Marketbeat.com reports. Bank of America currently has $81.00 target price on the utilities provider’s stock. The analysts noted that the move was a valuation call.

  • [By Stephan Byrd]

    Atria Investments LLC cut its stake in shares of Pinnacle West Capital Co. (NYSE:PNW) by 49.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,651 shares of the utilities provider’s stock after selling 4,560 shares during the period. Atria Investments LLC’s holdings in Pinnacle West Capital were worth $371,000 as of its most recent filing with the SEC.

  • [By Joseph Griffin]

    Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Pinnacle West Capital Co. (NYSE:PNW) by 38.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,514,179 shares of the utilities provider’s stock after buying an additional 692,367 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.25% of Pinnacle West Capital worth $200,631,000 at the end of the most recent quarter.

  • [By Shane Hupp]

    Profund Advisors LLC lowered its stake in Pinnacle West Capital Co. (NYSE:PNW) by 26.6% during the first quarter, Holdings Channel reports. The fund owned 7,249 shares of the utilities provider’s stock after selling 2,622 shares during the period. Profund Advisors LLC’s holdings in Pinnacle West Capital were worth $578,000 as of its most recent SEC filing.

Top 5 Safest Stocks To Own Right Now: Stoneridge Inc.(SRI)

Advisors’ Opinion:

  • [By Logan Wallace]

    Cubist Systematic Strategies LLC purchased a new stake in Stoneridge, Inc. (NYSE:SRI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,757 shares of the auto parts company’s stock, valued at approximately $214,000.

  • [By Stephan Byrd]

    Raymond James Financial Services Advisors Inc. acquired a new stake in Stoneridge, Inc. (NYSE:SRI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,757 shares of the auto parts company’s stock, valued at approximately $448,000.

  • [By Ethan Ryder]

    Shares of Stoneridge, Inc. (NYSE:SRI) have earned a consensus rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.40.

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