- By Faisal Humayun
While I have mainly focused on the broad energy sector recently, it is critical to have a well diversified portfolio not only in terms of sectors, but also in terms of having growth and dividend stocks.
Currently, the broad markets look stretched so it might be a good time to shift to some quality dividend stocks with low betas. If markets do see a correction in the foreseeable future, these stocks are relatively insulated. Furthermore, these stocks have a track record of delivering good dividends even in challenging economic times.
- Warning! GuruFocus has detected 5 Warning Signs with PCLN. Click here to check it out.
- High Yield Dividend Stocks in Gurus' Portfolio
- NYSE:MMM) has been a value creator for investors in the past and is likely to remain one in the coming years. The company currently offers a dividend of $4.7 per share, which translates into a healthy dividend yield of 2.48%. The stock has also moved higher by 18% in the last 12 months. In addition to robust dividends, the company has created value through stock upside, which I see sustaining in the coming years.