8 Dividend Rich Blue Chips to Prosper as Buyback Mania Fades

8 Dividend Rich Blue Chips to Prosper as Buyback Mania Fades


Corporate share repurchases, also known as stock buybacks, have become a political target for several Democratic presidential candidates. If buybacks ever are restricted or prohibited, Goldman Sachs sees an obvious consequence. “In a world without buybacks, companies would almost certainly increase dividend growth,” they write in a recent report.


Meanwhile, another Goldman report says, “We believe long-dated S&P 500 dividends are currently underpriced and any restrictions on buybacks would only increase their attractiveness.” They add, “We expect dividend growth stocks will outperform in a stable economic growth environment with modest near-term returns where an increased share of equity total returns comes from dividends.”


Reality Shares, an investment strategy firm and ETF sponsor, has a particular focus on dividend-paying stocks. They recently recommended these eight, per Barron’s: JPMorgan Chase & Co. (JPM) , Broadcom Inc. (AVGO), The PNC Financial Services Group Inc. (PNC), Comerica Inc. (CMA), Phillips 66 (PSX), Marathon Petroleum Corp. (MPC), AbbVie Inc. (ABBV), and SL Green Realty Group (SLG). Goldman’s dividend growth basket contains five of them. Dividend yields for all eight are in the table below.


8 High Dividend Blue Chips


(Dividend Yield as of April 12, 2019)


  • AbbVie, 5.15%
  • SL Green, 3.73%
  • Marathon, 3.54%
  • Broadcom, 3.50%
  • Comerica, 3.48%
  • Phillips 66, 3.39%
  • JPMorgan Chase, 3.04%
  • PNC Financial, 3.00%





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