A blue-chip stock is one that belongs to a well-established, financially sound corporation. Some of the top choices include McDonald’s Corporation, Target Corporation, PepsiCo, and The Procter & Gamble Company. Despite recent dips, blue-chip companies have remained popular among investors. The resurgence in popularity of blue-chip businesses could be attributed to older investors around the age of 50. Dividend investing is already a popular investment strategy in and of itself.
Insider Monkey looks at the 10 best safe blue chip dividend stocks. On the list of the best safe blue chip dividend stocks, Northwest Natural Holding Company is ranked 10th. The utility has gained 16.66 percent in the last six months and 14.24 percent so far this year. On the list of the best safe blue chip dividend stocks, Walgreens Boots Alliance, Inc. (NASDAQ: WBA) is ranked 9th. The company is a consumer basics retailer with a pharmacy-led health and beauty department. Chevron Corporation is the eighth best safe blue chip dividend stock on our list. The firm operates on a global scale and is involved in cash management and debt financing, as well as insurance, real estate, and technology. It is up 10.73 percent in the last six months and 20.38 percent for the year. Target Corporation is ranked seventh. According to Thomson Reuters data, the company has gained 30.20 percent in the last six months and 42.79 percent year to date. PepsiCo, Inc. is the 6th best blue chip dividend stock on the list. Cheetos, Doritos, Lay’s, Aquafina, and other brands are owned by the corporation. For more details, click 10 Best Safe Blue Chip Dividend Stocks.
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