Favorite Income Stocks of 2010

Hey Bloggers,


As you guys know by now, Mr Stock Pick loves Dividends.


Dividends are a great way to earn income in Bull and Bear markets, as the stock drops the yield becomes higher and attracts buyers. This results in less downward movements in the quality dividend payers.


So I have put a list of my top 10 favorite dividend payers & growers for 2010.
(Yields and Dividends are to Mondays closing price and are subject to change and are in no particular order)

TOP 10 DIVIDEND STOCKS OF 2010:

10. 

Eli Lilly & Co. 

(NYSE:LLY) Dividend / Yield = 0.49 / 5.44

9. 

Progress Energy, Inc. 

(NYSE:PGN) Dividend / Yield = 0.62 / 6.36

8. 

General Electric Company 

(NYSE:GE) Dividend / Yield = 0.10/2.31

7. 

Wal-Mart Stores, Inc. 

(NYSE:WMT) Dividend / Yield = 0.30 / 2.18

6. 

Penn West Energy Trust (USA)(CAD) 

(NYSE:PWE / TSE: PWT.UN) Dividend / Yield = 0.15 / 8.39

5. 

The Coca-Cola Company 

(NYSE:KO) Dividend / Yield = 0.44 / 3.28

4. 

McDonald's Corporation 

(NYSE:MCD) Dividend / Yield = 0.55 / 3.34

3. 

Verizon Communications Inc. 

(NYSE:VZ) Dividend / Yield = 0.47 / 6.36

2. 

AT& T Inc. 

(NYSE:T) Dividend / Yield = 0.42 / 6.52

1. 

Kraft Foods Inc. 

(NYSE:KFT) Dividend / Yield =  0.29 / 3.92

I plan to have a separate portfolio with just dividend paying stocks and as soon as i
compose this portfolio I will keep you up to date on any investments made and changes
 made to the portfolio.

Markets look like they dont want to move up further at the moment as investors are
soaking up some bad news.I dont think this will continue. I am bullish for the rest of
the year.

Dividends are a great flow of income and is also defensive. each portfolio should have
atleast one of these dividend stocks to bring in some cashflow. 

Good bye for now,

Mr. Stock Pick