Update: Dividend Stock Picks for the Week of 10/1/12 to 10/5/12

Welcome back to Dividend Stock Investing for the Common Man! Thank you stopping by and supporting the idea of investing in dividend paying stocks for the long term. I wanted to recap last week's picks for you since it is important to review all investments on a weekly, if not daily, basis. It was a 18 for 20 week. 90% of my picks increased in value. It was a very profitable week for both the NYSE and NASDAQ. We made some serious cash from Goldman Sachs Group, Inc.(NYSE:GS) and St. Jude Medical, Inc.(NYSE:STJ). These stocks are stable companies who have been around for decades. 

It is not how many times you win short term, but rather which investments can provide you with a steady income stream over the long term. When investing in dividend paying stocks you are protecting yourself from stock market volatility. If the market goes down one quarter, the dividend payment will help recoup the losses. Let these companies work hard so they can maintain their dividend and increase it year over year. As a shareholder, it is like receiving a raise each year. Reinvest your dividends to maximize your profits!

Keep investing as much as you can on a daily or weekly basis. Perform your due diligence and invest in companies that you feel comfortable with. Do not risk your hard earned dollars by investing in unknown, unreliable companies.

Always remember, you are in charge of your financial life. Do not let anyone tell you how to spend your money. We all have the knowledge and smarts inside of us. Make smart investments! Until next time friends, Like Us on Facebook, Follow Us on Twitter and feel free to comment below. What are some of your favorite dividend paying stocks?

Company Name/Stock Ticker Current Dividend Yield/Share Price as of 10/1/12

Current Dividend Yield/Share Price as of 10/5/12

General Electric Company(NYSE:GE)
2.99% $22.71
2.94% $23.12

Goldman Sachs Group, Inc.(NYSE:GS)
1.62% $113.68
1.54% $119.31

George Weston Limited(TSE:WN)
2.28% $63.25
2.26% $63.75

Visa Inc(NYSE:V)
0.66% $134.28
0.63% $140.26

Hospitality Properties Trust(NYSE:HPT)
7.57% $23.78
7.58% $23.75

Universal Health Realty Income Trust(NYSE:UHT)
5.35% $45.98
5.11% $48.13

The J.M. Smucker Company(NYSE:SJM)
2.41% $86.33
2.41% $86.45

The Wendy's Company(NASDAQ:WEN)
1.77% $4.53
1.90% $4.20

Automatic Data Processing(NASDAQ:ADP)
2.69% $58.66
2.65% $59.53

New York Community Bancorp, Inc.(NYSE:NYB)
7.06% $14.16
6.69% $14.94

St. Jude Medical, Inc.(NYSE:STJ)
2.18% $42.13
2.11% $43.69

China Life Insurance Company Ltd. (ADR)(NYSE:LFC)
1.26% $43.37
1.23% $44.47

Valero Energy Corporation(NYSE:VLO)
2.21% $31.68
2.20% $31.89

The TJX Companies, Inc.(NYSE:TJX)
1.03% $44.79
1.01% $45.40

Brandywine Realty Trust(NYSE:BDN)
4.92% $12.19
4.87% $12.31

Honda Motor Co Ltd (ADR)(NYSE:HMC)
2.61% $30.90
2.64% $30.57

Hormel Foods Corporation(NYSE:HRL)
2.05% $29.24
2.04% $29.45

Chesapeake Energy Corporation(NYSE:CHK)
1.85% $18.87
1.82% $19.23

HSBC Holdings plc (ADR)(NYSE:HBC)
3.87% $46.46
3.73% $48.27

Exelon Corporation(NYSE:EXC)
5.90% $35.58
5.85% $35.91