Two dividend-paying stocks to buy during the COVID-19 recovery feature an investment management company and one of the world’s largest mining organizations that both offer rising payouts.
The first of two dividend-paying stocks to buy is San Mateo, California-based investment firm Franklin Resources, Inc. (NYSE:BEN), commonly known as Franklin Templeton, offering a 6.01% dividend yield and ranking among the elite Dividend Aristocrats that have boosted their payouts for at least 25 straight years. The second of two dividend-paying stocks to buy is Greenwood Village, Colorado-based Newmont Corporation (NYSE:NEM), one of the world’s largest gold company and a producer of copper, silver, zinc and lead.
Global investment management company Franklin Resources is among the businesses that have managed to grow recently while recovering from the COVID-19 crisis by increasing its assets under management 3.3% to $599.4 billion at the end of April, compared to $580.3 billion one month earlier on March 31. However, prior to that one-month rise in assets under management, they fell 16.8% during the 12-month span from April 30 last year, when its assets under management totaled $720.5 billion, to the same date this year.
Mark Skousen, a descendant of Benjamin Franklin, meets with Paul Dykewicz in Philadelphia.
Investors who are worried about financial services companies should know that Franklin Resources does not operate banks that may face hefty loan losses from struggling borrowers. Five Star Trader, an advisory service led by Mark Skousen, PhD, notched a 4.7% profit in less than two months by recommending a different global investment management company, T. Rowe Price (Nasdaq: TROW), also of Baltimore, in March before the market crash reversed.
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Skousen, who also writes a monthly investment newsletter called Forecasts & Strategies, has profited by investing in gold, including companies such as Newmont Corporation (NYSE:NEM) that mine it. A Presidential Fellow at Chapman University, recipient of the inaugural Triple Crown in Economics in 2018 and honoree as one of the 20 most influential living economists, Skousen recommended Newmont in his Fast Money Alert advisory service on March 24 and it has risen 41.5% in less than two months. He further recommended call options that produced an average gain of 288.92% in 55 days.
“Gold is an age-old storehouse of wealth,” said Kramer, host of a national radio program called “Millionaire Maker” and head of the Value Authority and GameChangers advisory services. “If you’re primarily worried about losing what you have to inflation, a slowing economy or even social upheaval, this is your shield.”
Paul Dykewicz interviews money manager Hilary Kramer, whose premium advisory services include 2-Day Trader, Turbo Trader,High Octane Trader and Inner Circle
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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce,Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz.The book is endorsed by Joe Montana, Joe Theismann, Ara Paseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many others. Follow Paul on Twitter @PaulDykewicz.
