February 08, 2013 at 10:20 AM EST
New Dividend Stock Added to Recommended List – Feb.8

We are adding a new dividend stock to our recommended list today.

Name Being Added
Plains All-American Pipeline L.P. (PAA) just reported a solid quarter of results and we are continuing to eye the MLP space as a good area for income investors to consider for their portfolio. The stock has had a solid start to 2013 so we would look for pullbacks as entry points. Also, keep in mind MLPs tend to sell common shares from time to time, so that will result in potentially lower prices. Again, we prefer pullbacks as entry points. The company currently offers a 4.25% plus dividend yield.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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