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The calendar has turned, and a new trading month is upon us. 2023 is flying by as two months are already in the books, and that fact simply highlights the importance of staying invested in the stock market during both the good times and the bad.

After all, as dividend-centric investors, we know that time in the market equates to continued growing passive income, no matter what the general markets are doing. Dollar cost averaging into positions takes away a lot of the guesswork of trying to pick the absolute bottoms of stock prices, and it allows you to stack shares easily over time.

With that being said, let’s take a look at my March 2023 stock considerations.

First up, I am looking at Verizon Communications Inc. (VZ) once again. I nibbled here a bit in November, December, January, and February, and prices are still looking attractive.

This stock is trading with a low forward PE of just over 8. The stock also sports a very juicy yield close to 7% and a moderate payout ratio of around 51%, making this dividend appear to be very safe going forward. I realize that this company may not be a growth machine going forward, but what it lacks in growth, the current yield makes up for.

Next, I am taking a look at another large telco, AT&T Inc. (T). While I have been nibbling on VZ a lot over the past several months, T has largely remained off my buy list. However, that juicy yield approaching 6% is enticing me once again. With a reasonably low forward PE north of 7, the stock is looking fairly valued in the high teens.

Another stock I am considering is LyondellBasell Industries N.V. (LYB). This stock sports a current yield approaching 5%, with a very comfortable dividend payout ratio around 40% keeping future payments and raises likely. With a forward PE around 10, the stock looks fairly valued at recent prices.

Finally, I am taking a look at GSK plc (GSK). This stock seems to be trading at fair value with a forward PE of just 9.5. The yield is also relatively high, well north of 4%, and it also appears to be safe based on its moderate payout ratio of around 69%.

Clearly, I am looking to capture some juicy current yield with my potential stock picks for the month. What do you think about my stock considerations for March? What are you looking to buy this month?

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