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5 Reliable Dividend Stocks I'm Buying If Market Drops

Jun. 12, 2020 8:08 AM ETBIPC, BLK, HD, ILPT, O, BIPC:CA24 Comments
Dividend Athlete profile picture
Dividend Athlete


  • The US market is looking expensive again as it did pre-crash.
  • I'm not willing to chase the stocks from my watchlist if they are trading at overvalued levels.
  • Yesterday (11 June) showed that volatility might be back.
  • I have 5 buy orders in place in case the market turns down from current levels.

As the last few months have shown, nobody can accurately predict the direction of the market in the short run.

Doesn't matter the credentials, it's an impossible task - I'm surprised to see many investors still trying to make predictions.

It's not a part of my investing plan to try and make money off short-term market moves.

What I'm focusing on, is being able to buy ownership stakes in dividend paying companies at the price which is reasonable in my opinion.

Those investments will hopefully fund my expenses in retirement, which is currently planned for 2026.

My full portfolio that I want to retire on, is public here.

If the market were to drop further from the S&P 500(SPY) decline of -5.76% yesterday, some of my limit buy orders might get filled.

If the market resumes to go up, then so be it - I will have to continue researching to find value.

I share the 5 limit buy orders I have for reliable dividend stocks.

Limit Buy Order #1

Monmouth Real Estate Investment Corporation (MNR) at $12.50 per share

Monmouth's business has been largely unaffected by the pandemic. They were able to collect a very impressive 99% of rents in April and have been expanding their business. (latest acquisitions to their portfolio)

Long-term triple net leases, strong balance sheet and long-term tailwinds from the rise of e-commerce make this a great income pick.

I analysed MNR at length in one of my previous articles here.

At the price of $12.50 per share, the dividend yield would be 5.4%.

The dividend is covered with a FFO payout ratio of 81%.

The dividend is not being raised every single year. But the conservative payout ratio and the fact that the dividend remained intact during GFC give investors some peace of mind regarding

This article was written by

Dividend Athlete profile picture
I am a professional athlete in my 20's, investing to create a passive income source for me and my family to live off once I retire from playing sports. I look for dividend growth opportunities globally. Articles are my opinions and do not constitute investment recommendations or advice.If you want to see my full portfolio, you can check it out at https://DividendAthlete.com

Analyst’s Disclosure: I am/we are long O, BIPC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I have limit buy orders at the prices specified in the article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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