Top Dividend Stocks (NYSE:LO),(NYSE:MDT),(NYSE:TSM)

Dividend stocks are always great to have in your portfolio since they are working to produce income for you. But, the dividend alone is not going to make the investment positive, investors still need quality stocks that can appreciate. 

Today we would like to highlight a few stocks that are attractive and pay out a decent dividend: Lorillard Inc. (NYSE:LO), Medtronic, Inc. (NYSE:MDT) and Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM)

Lorillard Inc. (NYSE:LO) currently has a dividend yield of 5.47% and the cigarette industry has been smoking hot.  Earnings growth for Lorillard in the past year has accelerated moderately compared to earnings growth in the past three years, and the LO has had earnings surprises for the last 5 quarters. The stock has been on the move too, with its price significantly above its 50-day moving average and demonstrating its momentum.  Financial institutions are pretty heavily accumulating shares of LO.  Share price has run up very strong in the month of March, so it might be best to wait for it to pull back a bit more to create a good buying opportunity.

Medtronic, Inc. (NYSE:MDT) is the healthcare supply giant that boasts a 2.29% dividend yield which is not all that outstanding, but don’t let it fool you, Medtronic is still a strong investment player.  Similar to LO, MDT has had earnings growth in the past year that has accelerated moderately compared to earnings growth in the past three years. The stock shows some value as it PE multiple is lower than average for other stocks in the NYSE and NASDAQ. The stock is also showing a good uptrend with relative price strength increasing.

Rounding out the list today is the heavy-hitting semi-conductor giant, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM).  This company has a 3.83% dividend yield and some strong points for value investing.  The PE multiple is lower than average for other stocks, its price-to-sales ratio is much higher than other stocks and the PE ratio to its five-year growth rate is slightly above the average other stocks. Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years, and analysts have modestly increased quarterly earnings estimates for TSM. After the recent pull back in TSM’s share price, this may be a great buying opportunity for long term investors to take advantage of the dividend and share price accumulation.