Investing

Merrill Lynch Has 5 Income Portfolio Stocks to Buy With Big-Time Dividends

Crown Castle International

This top tower company offers incredible growth and income possibilities. Crown Castle International Corp. (NYSE: CCI) is one of the largest U.S. wireless tower companies, with over 40,000 towers across the country. Its core business is leasing space on its wireless towers primarily to wireless carriers, government agencies and broadband data providers.

Crown Castle is one of the best stocks in the group for more conservative investors as the high-yield distribution and low volatility make it a good holding for accounts seeking growth and income with less risk.

Investors in Crown Castle are paid a very solid 3.54% distribution. The prior $119 Merrill Lynch price objective recently was lifted to $133. The consensus price target is just $119.86, and the stock traded most recently at $127.53.

Pfizer

This top pharmaceutical stock made a gigantic splash last year with a $5.5 billion purchase of Anacor Pharmaceuticals. Pfizer Inc. (NYSE: PFE) is a global biopharmaceutical company with a diversified portfolio of products and pipeline candidates, and it is one of the largest pharmaceutical companies in the world as measured by market capitalization and revenue. It also is a component of the Dow Jones industrial average.

The company’s commercial operations are bifurcated into two business segments: Innovative Health, which focuses on the development and commercialization of medicines and vaccines, as well as consumer health care products, in various therapeutic areas, and Essential Health, which offers branded generic products, biosimilars, anti-infectives and other products without marketing patent protection.

Pfizer investors are paid a very solid 3.5% dividend. Merrill Lynch has set its price objective at $49. That compares with the $44.14 consensus price objective, as well as the most recent share price of $41.64.

Toronto-Dominion Bank

This is a top yielding financial stock to add to portfolios. Toronto-Dominion Bank (NYSE: TD) is the largest Canadian bank and has over 1,100 branches across the country, with an above-average concentration in Ontario.

The bank’s domestic retail banking operations are the crown jewel and underpin its solid retail franchise, and the bank has below-average exposure to capital markets businesses. TD has been active on the acquisition front in recent years, and it operates through its TD Commerce Bank and TD Ameritrade in the United States.

TD Ameritrade business an incredibly fast-growing business that consistently challenges for online supremacy among the top Wall Street investment banks.

Toronto-Dominion Bank investors are paid a very solid 4.01% dividend. The Merrill Lynch price target is $62, and the posted consensus price objective is $64.12. The shares closed at $55.27 on Thursday.

These five top stocks are all rated Buy and come with outstanding and dependable dividends, and they have good growth prospects. With the market very pricey, not to mention volatile, these stocks make sense for investors looking to shift to lower beta profile stocks.

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