These four stocks are on the “near pivot” breakout scan, showing an excellent potential for continuation in the short-term. In addition, Best Buy pays a handsome dividend. For more great dividend stocks read here.
Best Buy (BBY), Texas Instruments (TXN), and Broadcom (AVGO) pay nice dividends while also exhibiting relative strength. Thanks to sector rotation both retail and technology stocks are under accumulation. All three garner solid yields and exceptional performance. These dividend stocks can give a big boost to growth and income portfolios.
Best Buy is up more than 21% YTD, with price action nearing the breakout zone. RS line rising.
Volume was above average on Friday.
The tech retailer has paid regular dividends since 2004.
Dividend yield: Best Buy stock has a $2.80 annual dividend, yielding 2.3%.
Five-year return: BBY delivered a 274% compound stock market return over the past five years (not including reinvested dividends), vs. 90% for the S&P 500, as tracked by SPDR S&P 500 ETF (SPY).
Dividend growth rate: 19%, measured over the past five years.
Dividend stability factor: 17, on a scale from zero (most stable) to 99 (most volatile), measured over the past five years.
Dividend payout ratio: 36%.
Earnings stability: Best Buy grew earnings per share (EPS) an average 18% over the past three years, the IBD Stock Checkup tool shows.