The Market dropped 237 Points yesterday . Should you panic?
Of course not. As a Dividend Income Investor you should be taking any cash you have and loading up on bargain stocks.
Two stocks to consider are
Vector Group ( VGR) – A discount tobacco company that is also diversified into real estate holdings. Vector Group is currently yielding 7.88% – Down 11% from its 52 week high this company is ripe for the picking.
Southside Bancshares Inc. (SBSI) – Is a holding company for Southside Bank based in Tyler, Texas which operates 60 banking facilities in Texas. Southside Bancshares is currently yielding 3.07% and is off almost 16% from its 52 week high.
SBSI Investor Presentation (PDF)
Besides being off from their 52 weeks highs both these stocks pay stock holders something that only a select few companies do. Both companies pay shareholders an annual “Stock Dividend” in addition to its regular dividends. A Stock Dividend is a Dividend that is payed in stock. Southside Bancshares usually pays in April of each year while Vector group usually pays its Stock Dividend in September.
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