2 Top Dividend Stocks for Your Roth IRA
It's never easy finding great stocks trading at reasonable prices and sporting high yields. You have to wait for a market downturn or find companies that are out of favor for some reason. Helmerich & Payne, Inc. (NYSE: HP) and International Business Machines Corp (NYSE: IBM) are two high-yielding dividend stocks that fall into the latter category. They're both smart choices to juice the tax-free income you get out of your Roth IRA.
Helmerich & Payne yields an impressive 6.2% today. That's largely because it operates in the oil and natural gas drilling business, which is highly cyclical and currently out of favor. But here's the really exciting thing: The company has increased its dividend every year for 44 consecutive years despite operating in a cycle-driven industry.
Image source: Getty Images
Source: Fool.com