What a day.
The Fed Funds Rate was lowered to 2.0% and the market freaked, then somewhat recovered. Good grief. Until the data starts rolling over, it’s business as usual as an investor.
With all of the focus on the Fed today, I stayed out of the way and spent time on other projects. However, something occurred to me this afternoon. My new dividends account is missing something…it only has one stock from the Dividends Aristocrats list. A “dividend aristocrat” is an elite class of dividend stock that has increased its payout at least once a year for the last 25 years or more. These stocks should offer some stability to your overall passive income account.
My current account (started a week ago) includes:
CAH – focus on healthcare for the aging population
HRL – Non-Cyclical food processing
O – Commercial REIT
ABBV – pharmaceutical products ([highlight_sc bg_color=#21c2f8 text_color=#ffffff border_color=]Aristocrat[/highlight_sc])
STOR – Commercial REIT
HASI – Renewable Energy REIT
Only one of these is on the Aristocrats list. The others offer strong dividends payments and acceptable payout ratios. However, over the next few weeks, my focus will be on adding an Aristocrat, or two. My goal is to have around 30% of my account represented in the Aristocrats list (currently at 16%).
Here are a few top dividend yielding Aristocrats:
ABBV – 6%
T – 5.55%
XOM – 4.78%
PBCT – 4.36%
CVX – 3.83%