With half of 2017 already gone, it is high time to watch out
for the 10 Best Blue Chip Dividend Stocks in 2017.
A blue chip company is generally considered to be one that
has survived the market’s ups and downs, and become a large, well-known company
having a long history of sound financial performance. The term ‘Blue Chip’ was
coined by Oliver Gingold in 1923.
Blue Chip companies have solid business models that can
endure tough conditions. Their stock prices are very high because Mr. Market
values these companies based on their brand and good reputation. However, owning
blue chip stocks in one’s portfolio does not guarantee total immunity from
volatility, as was the case with large companies like General Motors Company
(NYSE:GM) and Lehman Brothers during the Financial Crisis.
We have collated a list of the 10 best blue chip dividend
stocks in 2017, having a yield greater than 7%, and ranked them based on hedge
fund sentiment.