Safe, Sustainable 7% Yield From Common And Preferred Share Dividends - John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) | Seeking Alpha
This is a very good article about a dependable 7% dividend stock that would be a good addition to a diversified portfolio. Currently, the usual fall rally has started, and other stocks will temporarily outperform HTD, but smart investors know that you must protect yourself with appropriate asset allocation.
I plan to buy HTD at some point, but my buy for this week will be IBB, one of the leading biotech ETFs. The stocks in this sector are coming off a double-digit bottom, and they will most likely rise with nearly all stocks for the next two months. The MACD momentum for IBB has turned upward, and now is the time to buy it.
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