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.