Best Dividend-Paying Stocks

Every type of investment has pros and cons. While there’s no such thing as the perfect investment, there is the right investment depending on who the individual investor is and how much risk he or she is willing to take.

For some investors, dividend-paying stocks are ideal since they can offer a steady stream of income. In particular, they can be attractive to retirees who can count on the stock for income even when they are no longer working. Plus, dividend-paying stocks tend to do better than non-dividend-paying stocks even in an economic downturn.

Goldman Sachs analyst Robert Boroujerdi recently identified his top dividend-paying stocks from various sectors.

“Boroujerdi like these stocks because companies have the capacity to pay, investors demand them, and they look more attractive than bonds,” according to Business Insider.

Here are the top 10 — in increasing order of dividend yield — from Boroujerdi’s list of the 23 best dividend-paying stocks.

Dell

Ticker: DELL

Price target: $13

Dividend yield: 3%

Sector: Technology

Applied Materials Inc.

Ticker: AMAT

Price target: $13

Dividend yield: 3.1%

Sector: Technology

JP Morgan

Ticker: JPM

Price target: $52

Dividend yield: 3.1%

Sector: Financial

BlackRock

Ticker: BLK

Price target: $220

Dividend yield: 3.2%

Sector: Financial

Republic Services

Ticker: RSG

Price target: $37

Dividend yield: 3.2%

Sector: Industrial goods

Norfolk Southern Corp.

Ticker: NSC

Price target: $67

Dividend yield: 3.3%

Sector: Services

Prudential Financial Inc.

Ticker: PRU

Price target: $74

Dividend yield: 3.3%

Sector: Financial

Validus Holdings

Ticker: VR

Price target: $44

Dividend yield: 3.3%

Sector: Financial

Pfizer

Ticker: PFE

Price target: $30

Dividend yield: 3.7%

Sector: Health care

HollyFrontier Corporation

Ticker: HFC

Price target: $69

Dividend yield: 8.4%

Sector: Basic materials

See the full list here.