When income investor Jenny Harrington looks for top dividend stocks, names like Whirlpool come to mind.
The home appliance manufacturer not only has a 6% dividend yield, but it has also gotten very cheap, Harrington said.
She buys names that have a "reasonably high dividend yield" for her portfolio, which typically generates a 5% dividend yield or better.
"We specifically focus on dividend income rather than dividend growth, because the objective of our portfolio is to generate a strong and sustainable income stream for our clients," Harrington said.
WHR 1Y mountain Whirlpool's one-year performance She would also like to see the potential for earnings growth in the names she buys.
Persons:
Jenny Harrington, Harrington, Jay Brown, Anthony Melone, Ted Miller, William Brown, cyclically
Organizations:
Whirlpool, Asset Management, Dow Jones U.S, SEC, Investment Management, Crown Castle, Clearway Energy, Clearway, L3Harris Technologies