I could not be happier with several of the dividend stocks I own.
Two Core PlaysI use Dividend Reinvestment Plans (DRIPs) to stay consistently long American Electric Power (AEP - Get Report) and Becton, Dickinson and Company (BDX - Get Report). AEP data by YCharts
AEP tanked a bit earlier in the year on regulatory uncertainty in one of its largest markets, Ohio. After hitting lows in April, the stock has recovered by roughly 14%. Management cut AEP's dividend in 2003. They have increased it, however, every year but one since 2005 to its present $1.88 level. It looks stable. I just got into BDX's DRIP on some weakness during the end of May. Here's another stock that's not all that exciting, but it pays a dividend that has a long history -- longer than AEP's -- of going up. I write a check to each stock's DRIP every month alongside an automatic monthly investment and then forget that I own them.
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