The StockMasters Top 3 Dividend Stocks of 2010
It's that time of year again - time to take a look into the next year and determine the Best Dividend stocks of 2010. 2009 was one of the worst years for stock-dividend payouts since World War II, but the year is finally coming to an end. Standard & Poor's sees dividends among S&P 500 index companies climbing more than 6% over this year, offering the hope of attractive returns for income-oriented investors turned off by particularly low bond yields.
Let's get right to them - the three Dividend stocks we like in 2010 are Cellcom Israel Ltd. (Public, NYSE:CEL) , Altria Group, Inc. (Public, NYSE:MO) and Extra Space Storage, Inc. (Public, NYSE:EXR)
Cellcom Israel (CEL)
Dividend Yield: 9.79%
Cellcom Israel Ltd. (Cellcom) is a provider of cellular communications services in Israel. It offers a range of cellular services through its cellular networks. These services include basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services. As of December 31, 2008, Cellcom also offered international roaming services in 174 countries.
With a P/E of 10.81 and a forward P/E of just 2.79, Cellcom Israel is dirt cheap. Add in the almost 10% dividend yield, and you've got a winner. Don't mess with the Zohan.
Altria Group (MO)
Dividend Yield: 6.92%
Regardless of how you feel about Big Tobacco, you have to admit that Altria is so successful because it runs a business built on a highly addictive product.
Instead of complaining about that smoker in front of the grocery store, buy some Altria and profit from their habit.
Altria has raised their Dividend yield every year for the past decade that should be enough to provide investors with reasonable long-term returns.
Extra Space Storage (EXR)
Dividend Yield: 9.04%
Extra Space Storage recently completed the development of eight self-storage properties at a total cost of approximately $91.0 million.
The company also has 14 development projects remaining to be completed over the balance of 2009 and 2010.
As of December 31, 2008, it held ownership interests in 627 operating properties.
If you've ever had to pay for storage, you know that they charge an arm and a leg. Look for Extra Space Storage to continue its growth.