Not a bad strategy, especially if you have a long horizon.tam2002 said:
Appreciate the input. Got 100k in a CD I'm wanting to spread around on some of these to cash in for a long time
Just be very careful chasing dividend. Keep in mind dividends are not guaranteed and can easily be slashed. Particularly in a market like we're in. Even with attractive entry values, if dividends get cut not only do you lose out on the income you were chasing but in all likelihood the market value of the stock drops as well.
I say this not to scare you out of the strategy, it just bit me hard years ago.