1 of the Safest Dividend Stocks on Earth
Do you read The Wall Street Journal? Every once in a while, it comes up with a brilliant idea -- like its idea this week, to consider buying shares in biotech giant Gilead Sciences (NASDAQ: GILD) as a high-yielding "haven" in an uncertain market.
As WSJ tells it, Gilead stock has been a pretty lousy investment for investors this past half-decade or so, losing 8% of its market cap as the S&P 500 climbed 54%. But the good news is that, after having disappointed investors for so long, much of the risk has been wrung out of Gilead stock -- transforming the stock into both a deep value bargain and a tremendous dividend stock.
In fact, Gilead just might have one of the safest dividends on Earth.
Source Fool.com