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Dividend Stock Watch List: Lanny's March 2021 Edition

Mar. 03, 2021 4:17 PM ETVZ, UL, PEP, VYM6 Comments
Dividend Diplomats profile picture
Dividend Diplomats


  • Welcome back to another dividend stock watch list and you can have a sneak peek of the dividend stocks that are on my radar.
  • As a dividend stock investor, for the first time, I feel a little uncertain of what the future may hold.
  • Finding dividend stocks isn't easy, but there are also other factors, such as composition of my portfolio by industry (such as - am I overweight/underweight in an industry), as well as exposure to one stock and the concentration there.

Two months down, and we are still working through COVID-19. Johnson & Johnson (JNJ) just released/announced their one shot vaccine, about 10-15% of the US population is vaccinated and the third round of economic stimulus is still in process of being approved, albeit one step closer.

As always, it was time to find undervalued dividend growth stocks. Heading into March, I continued to do just that and three undervalued dividend stocks are on my dividend stock watch list below!

Dividend stock watch list

Welcome back to another dividend stock watch list and you can have a sneak peek of the dividend stocks that are on my radar. The stock market recovered from the WallStreetBets fiasco, likely due to companies showing better than expected results, hopes for vaccines and ultimately - getting out of this damn Pandemic of COVID-19. It's 2021, come on!!!!!

Below is a chart of the S&P 500 and you can see the market climb almost back up to 3,900 and then come back down to earth at 3,713.

S&P 500

Interest rates are significantly low on your savings, including high yield savings, accounts, as well as money market accounts & funds. In fact, Ally Savings reduced my interest rate to 0.60% back in September 0.50% in mid-December. Luckily, I can still say that I am earning 0.50% on my savings account as of the end of 2020. Will that stay, though? Not certain, but I am estimating another decline in Ally's high yield online savings rate by March 2021. Here is my last lovely message from Ally (ALLY), below:

ally savings account

What else are investors waiting on? Well, for the markets to correct and for President Biden to announce more economic stimulus.

In addition, the Federal reserve continues to make headlines, as they've been flushing the stock market with cash. The Fed has been

This article was written by

Dividend Diplomats profile picture
Two guys who love Investing, Dividends, Frugality, Passive Income & attempting to Reinvest Our Dividends to one day achieve Financial Freedom! Follow us on your journey towards a work-free life! We share EVERY ASPECT of our journey on our blog, social media, and YouTube Channel. Make sure to follow us so you don't miss an update. Updates include the stocks we are watching, buying, selling, and our overall thoughts about the the marketBlog: http://www.dividenddiplomats.comYouTube Channel: www.youtube.com/dividenddiplomatsTwitter: https://twitter.com/DvdndDiplomats

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Comments (6)

MonkeyDo profile picture
Nice screen, a suggestion for the PE section, could you also compare the current company PE to it's historic average? That's another great way to gauge current value as some companies have a lower of higher average that might not show it's true value if their average PE is skewed one way or another. Solid suggestions though!
I like PEP, and VZ.
Interesting, I own all 3.
Ramon_13 profile picture
Why is UL dropping ? I own it
hope it gets below $100 so I can buy more
Spear then jack hammer
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