Even Dividend Stocks Are Breaking Out

Includes: DVY, MO
by: Bespoke Investment Group

High dividend payers have done very well recently. One specific name is Altria Group (NYSE:MO), which has broken out to a new bull market high today. Altria hasn't gone from $10 to $100, but it has risen from about $14 to $21 since the March lows, all the while yielding more than 6.5%. MO's current indicated yield is 6.77%, which provides some nice income. As long as the stock remains in an uptrend, Altria seems like an attractive play.

The iShares Dow Jones Select Dividend ETF (NYSEARCA:DVY) has also broken out to a new high today. Like MO, DVY is also trading in a very nice uptrend.