Two Stock Picks That Will Succeed No Matter Who Is in Washington
By Marc Lichtenfeld Sep 24, 2012 4:00 pm
"Get Rich with Dividends" author shares his thoughts.
One of my favorites stocks these days that qualifies under the 10-11-12 System is Intel (NASDAQ:INTC). The stock pays a dividend yield of 3.4% and has raised the dividend by double digits every year for nine years. Its most recent increase was its third in eighteen months. Plus, the company only pays out 22% of its profits to shareholders, so it has plenty of room to continue raising the dividend in the future.
Intel is the leading semiconductor manufacturer in the world and dominates the computer processor market with roughly 80% market share. The increased use of the cloud should benefit Intel, as more cloud use requires more servers, which is Intel's sweet spot.
No positions in stocks mentioned.