Update: Stock Picks for the week of 10/2/11 to 10/8/11

As you can see below, it was a 6 for 10 week. CAG, ABT, BMY, MMM, IBM and UTX all popped. IBM flew higher by $7.52. It is important to remember that investing in high yielding dividend paying stocks. Hold on to your dividend paying stocks for the long term and reap the benefits!

Feel free to watch the video below about IBM. IBM will inject your Roth IRA stock portfolio with stability and profits. Until next time, happy investing!

Stock Ticker.. Quote @ 10/2/11..  Quote @ 10/8/11..   Net Gain/Loss

SYY - Sysco $25.90     25.78   -0.12
Distributes food and related products to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.
CAG - ConAgra $24.22     25.03    +0.81
North America's packaged food company serving grocery retailers, as well as restaurants and other foodservice establishments.
BMO - Bank of Montreal $55.85     55.42  -0.43
Offers a range of credit and non-credit products and services directly and through Canadian and non-Canadian subsidiaries, offices and branches.
ABT - Abbott Labs $51.14    51.53   +0.39
Diversified line of health care products. Segments include Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Vascular Products.
BMY - Bristol-Myers Squibb $31.38   32.38  +0.58
Discovers, develops, licenses, makes, and sells pharmaceuticals, with particular success in cardiovascular treatments.
DUK - Duke Energy $19.99    19.79  -0.20
An energy company with an integrated network of energy assets. The company manages a portfolio of natural gas and electric supply, delivery and trading businesses.
HTS - Hatteras Financial Corp $25.16   24.07   -1.09
A strong REIT in a strong sector and it pays high yield.
MMM - 3M $71.79   73.82  +2.03
Operates in areas that include health care, industrial, and transportation. Products include Post-it Notes and Scotch tape.
IBM - IBM Corp $174.87   182.39  +7.52
Reliable company, just beat out Microsoft for higher market cap. Globally integrated innovation company, serving the needs of enterprises and institutions worldwide.
UTX - United Technologies $70.36   71.46   +1.10
UT owns Carrier heating and air conditioning, Otis elevators, Pratt & Whitney aircraft engines, Sikorsky helicopters, and many more!

Grand Total +10.59

BMO - Bank of Montreal

Some stock "professionals" may say that investing in banks now a days can be a quick way to lose your hard earned cash. I highly suggest investing in solid banks which have continued to pay a healthy dividend even throughout the Great Recession of 2008. Drum roll please... Look no further than Bank of Montreal. Stock ticker BMO, pays $0.71 dividend per share, which is a current dividend yield of 5.24%. Even on December 26th, 2008 BMO paid their $0.70 dividend. Their dividend payout was not decreased even though the financial sector was on life support.

BMO provides a range of credit and non-credit products and services directly and indirectly through Canadian and non-Canadian subsidiaries, offices and branches. As of October 31, 2010, BMO maintained 1,230 bank branches in Canada and the United States, and operated internationally in financial markets and trading areas through its offices in eight other countries, including the United States. Due to BMO's excellent cash management skills they have been able to make acquisitions, unlike most banks.

Recent acquisitions:

• December 31, 2009: Acquired the Diners Club North American franchise from Citigroup.
• April 23, 2010: Acquired certain assets and liabilities of AMCORE Bank N.A.
• April 2011: Acquired Lloyd George Management.

Of all the major Canadian banks, BMO has the lowest P/E and consistently the highest dividend yield. Since BMO is Canadian they were not involved with the United States no sub-prime mortgages. BMO is an excellent low risk investment. In particular as of today, in this shaky economy, Canadian banks are among the safest. BMO is a $OLID Canadian bank with a 182 year dividend payment track record!

This is strictly hypothetical, but very close to reality... Invest $200.00 into BMO on a monthly basis for the next 30 years and they will pay you around $932.00 per quarter for the rest of your life. This figure was calculated by using the current stock price of $54.06 and $0.70 quarterly dividend, as of October 3rd, 2011. And this is excluding reinvesting your dividends! Imagine if you reinvested your dividends for 30 straight years. It is possible to achieve financial freedom during the best years of your life if you invest in dividend paying monsters like BMO.

Click here to visit BMO's website, and here to visit their Investor Relations page. Also, please watch the video posted below to learn more about this great Canadian goldmine!

Stock Picks for the week of 10/2/11 to 10/8/11

Listed below are my top dividend stock investments for the Common Man for the week of October 2nd, 2011 to October 8th, 2011. Any one of these stocks always make an excellent addition to your Roth IRA stock portfolio. They are reliable dividend payers and I am a huge fan of each company. It is fairly simple to invest your dollars into any one or all of these stocks. I will check back in next Sunday to determine how well or poor my picks performed. Have a great remainder of the weekend! Continue to invest as much as you can each week to ensure that you have a solid dividend income stream of wealth!

SYY - Sysco $25.90
Distributes food and related products to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.
CAG - ConAgra $24.22
North America's packaged food company serving grocery retailers, as well as restaurants and other foodservice establishments.
BMO - Bank of Montreal $55.85
Offers a range of credit and non-credit products and services directly and through Canadian and non-Canadian subsidiaries, offices and branches.
ABT - Abbott Labs $51.14
Diversified line of health care products. Segments include Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Vascular Products.
BMY - Bristol-Myers Squibb $31.38
Discovers, develops, licenses, makes, and sells pharmaceuticals, with particular success in cardiovascular treatments.
DUK - Duke Energy $19.99
An energy company with an integrated network of energy assets. The company manages a portfolio of natural gas and electric supply, delivery and trading businesses.
HTS - Hatteras Financial Corp $25.16
A strong REIT in a strong sector and it pays high yield.
MMM - 3M $71.79
Operates in areas that include health care, industrial, and transportation. Products include Post-it Notes and Scotch tape.
IBM - IBM Corp $174.87
Reliable company, just beat out Microsoft for higher market cap. Globally integrated innovation company, serving the needs of enterprises and institutions worldwide.
UTX - United Technologies $70.36
UT owns Carrier heating and air conditioning, Otis elevators, Pratt & Whitney aircraft engines, Sikorsky helicopters, and many more!

Note: Stock prices as of 10/2/11