Dividend Stock Watch List: Lanny's November 2021 Edition

Dividend Stock Watch List: Lanny’s November 2021 Edition


The stock market, specifically the S&P 500, still is high, is back firing on all cylinders, up over 200 points since the end of September.

STOR almost has $10 billion in market capitalization, steadily growing over their 7 year period of being public.

The past month has been solid for Cummins, up almost 7%. How are they on my dividend stock watch list?

cemagraphics/iStock via Getty Images The investing world is in complete disarray. All markets are rising – cryptocurrency, the stock market and the like. Bitcoin, Ethereum, Tesla – all hitting all-time highs. The S&P 500 has also set a new record, the S&P 500 crossed 4,600! Staying invested is the name of the game to hold assets that produce passive income. That’s where dividend investing comes heavy into play and you know that I’m still finding undervalued dividend stocks to buy in this market!

Therefore, as I do every month, here is the Dividend Stock Watch List for November 2021! Dividend stock watch list

Welcome back to another dividend stock watch list and I’ll share with you the stocks hot on my radar, potentially stocks I will be buying this month . The turbulence in the market is still high, with recent events, such as: Delta-Variant, inflation, the hot cryptocurrency market and the like. In addition, inflation is so high that I know gas by me is nearing $3.50 per gallon. Lastly, they are calling this the great resignation time period. What a world we are in.

The stock market, specifically the S&P 500, still is high, is back firing on all cylinders, up over 200 points since the end of September. In fact, a new record was set on the last day of October – the 29th, settling at $4,605.38. A nice 6.91% increase over the last 30 days is not too shabby for the stock market. Chart is below: Interest rates are significantly low on your savings, including high yield savings, accounts, as well as money market accounts & funds. In fact, Ally Savings reduced my interest rate to 0.60% back in September 0.50% in mid-December of 2020. Luckily, I can still say that I am earning 0.50% on my savings account as of early November 2021. Will that stay, though? I am taking matters in my own hands… How you ask?

I keep more savings in my Yotta Savings Account , that has earned 1.82% in August and over 1.4% in September 2021. The account is FDIC-insured, of course. What else has been going on? I have been investing more and more into Fundrise, as of late – finally crossing over $10,000+ invested there. See my Q3-2021 review . In addition, I have been loving the SoFi financial app and platform. In fact, check this article out, as I showcase how SoFi has helped me build wealth this year . You can earn bonus money for opening an account, as well as free stock! Definitely check it out.

As a dividend stock investor, it’s been harder and harder to find an undervalued dividend stock. In addition, estimates on earnings are still difficult to determine. I do believe we will see comparable earnings in upcoming releases and will be able to set better expectations. I have written two articles related to the topic of – the Coronavirus Dividend Stock Watch List and Industries that truly thrive during a pandemic.

In addition, given the uncertainty, I continue to make smaller, weekly investments into Vanguard Exchange Traded Funds (ETFs). The specific ETF my wife and I have been loading up on is Vanguard High Dividend Yield ( VYM ). We are investing $725 per week into Vanguard (pending the VYM stock price), to stay invested in the market, during the uncertain times.

Therefore, on the road to financial freedom, acquiring assets that produce cash flow or income is the goal! Like I always say, there is always a diamond in the rough. How do I find an undervalued dividend stock? Time to introduce our beloved Dividend Diplomat Stock Screener! Dividend Diplomat Stock Screener

If you don’t know already, we keep the stock screener metrics to three simple items. They are:

> Price to Earnings Ratio – We look for a price to earnings ratio < than the overall Stock Market.

Payout Ratio – We aim for a payout ratio of less than 60%.

Dividend Growth – We like to see history of dividend growth in a company.

Time to find the answer to… how did the dividend stocks on my watch list […]

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