The Morningstar list includes companies with safe dividends who are undervalued by the firm’s estimates.<\/p>\n\n\n\n
Dividend stocks have outperformed the broader market in 2022, as the market\u2019s\u00a0volatility<\/a>\u00a0has sent investors to the safety of stocks with regular payouts.<\/p>\n\n\n\n The Dow Jones U.S. Select Dividend Index has eased just 0.25% so far this year, compared to a 16% drop for the S&P 500<\/a> index. As for volatility, the CBOE Volatility Index has jumped 35% during that period.<\/p>\n\n\n\n So it might be a good time to look at dividend stocks.\u00a0Morningstar compiled a list<\/a>\u00a0of 10 stocks with safe\u00a0dividends<\/a>\u00a0that are undervalued according to the firm\u2019s estimates.<\/p>\n\n\n\n The stocks are pulled from the Morningstar Dividend Yield Focus Index, which tracks the top 75 high-yielding stocks that meet the firm\u2019s screening requirements for quality and financial health.<\/p>\n\n\n\n Here\u2019s the list:<\/p>\n\n\n\n 1)\u00a0Verizon Communications<\/strong>\u00a0\u00a0(VZ<\/a><\/strong>) –\u00a0Get Free Report<\/a>, the telecommunications company<\/p>\n\n\n\n 2) Philip Morris International<\/strong> (PM<\/a><\/strong>) – Get Free Report<\/a>, the tobacco company<\/p>\n\n\n\n 3) Cisco Systems<\/strong> (CSCO<\/a><\/strong>) – Get Free Report<\/a>, the technology networking company<\/p>\n\n\n\n 4) Broadcom<\/strong> (AVGO<\/a><\/strong>) – Get Free Report<\/a>, the semiconductor maker<\/p>\n\n\n\n 5)\u00a0Medtronic<\/strong>\u00a0\u00a0(MDT<\/a><\/strong>) –\u00a0Get Free Report<\/a>, the medical device manufacturer<\/p>\n\n\n\n 6) 3M<\/strong> (MMM<\/a><\/strong>) – Get Free Report<\/a>, the diversified product maker<\/p>\n\n\n\n 7) Blackstone<\/strong> (BX<\/a><\/strong>) – Get Free Report<\/a>, the private equity firm<\/p>\n\n\n\n 8) Truist Financial<\/strong> (TFC<\/a><\/strong>) – Get Free Report<\/a>, the bank<\/p>\n\n\n\n 9)\u00a0Duke Energy<\/strong>\u00a0\u00a0(DUK<\/a><\/strong>) –\u00a0Get Free Report<\/a>, the utility<\/p>\n\n\n\n 10) PNC Financial Services<\/strong> (PNC<\/a><\/strong>) – Get Free Report<\/a>, the bank<\/p>\n\n\n\n Morningstar analyst Michael Hodel assigns the company a narrow moat (competitive advantage) and puts fair value for the stock at $59. It recently traded at $39.<\/p>\n\n\n\n \u201cWe continue to believe the market is overly focused on Verizon\u2019s struggle to add postpaid consumer wireless customers in recent quarters,\u201d he wrote in a commentary.<\/p>\n\n\n\n \u201cThe firm is the share leader in this category, which creates a headwind in an environment where the carriers\u2019 networks look increasingly alike.\u201d<\/p>\n\n\n\n But Verizon \u201chas taken steps to ensure it remains well positioned in the traditional wireless business,\u201d Hodel said.<\/p>\n\n\n\n Morningstar analyst Debbie Wang gives the company a wide moat and puts fair value for the stock at $122. It recently traded at $83.<\/p>\n\n\n\n \u201cMedtronic’s standing as the largest pure-play medical device maker remains a force to be reckoned with in the med-tech landscape,\u201d she wrote in a commentary.<\/p>\n\n\n\n \u201cPairing Medtronic’s diversified product portfolio aimed at a wide range of chronic diseases with its expansive selection of products for acute care in hospitals has bolstered Medtronic’s position as a key partner for its hospital customers. Medtronic has historically focused on innovation.\u201d<\/p>\n\n\n\n Morningstar analyst Eric Compton assigns the company a narrow moat and puts fair value for the stock at $183. It recently traded at $165.<\/p>\n\n\n\n \u201cPNC has transformed itself since the financial crisis, with the integration of the troubled National City, the acquisition of RBC\u2019s U.S. branch network in the Southeast, and the latest acquisition of BBVA USA,\u201d he wrote in a commentary.<\/p>\n\n\n\n \u201cPNC is now the second largest regional bank in the United States. PNC has been successful at organically expanding its customer base, both in commercial banking and in retail.\u201d<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" The Morningstar list includes companies with safe dividends who are undervalued by the firm’s estimates. Dividend stocks have outperformed the<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[254,3421,3422],"tags":[3431,888,3425],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/11140"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11140"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/11140\/revisions"}],"predecessor-version":[{"id":11141,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/11140\/revisions\/11141"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11140"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Morningstar\u2019s Take on Verizon<\/h3>\n\n\n\n
Morningstar\u2019s Take on Medtronic<\/h2>\n\n\n\n
Morningstar\u2019s Take on PNC<\/h3>\n\n\n\n