The 3 Best Dividend Stocks to Buy for April

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3M, short for Minnesota Mining & Materials, focuses on the research and creation of materials used in various applications, including electrical, adhesives, building materials, office supplies, and more. The company has a dividend yield of 4.69% and an annual dividend of $5.96 per share. Cardinal Health provides various healthcare services, including laboratory services, hospital pharmacies, home care, community health centers, and more.

  • CAT has paid a regular dividend without fail since 1933, and has lifted its payout every year for 28 years.
  • An experienced financial analyst selected the stocks above, but they may not be right for your portfolio.
  • I focus on investing in dividend-growing stocks with a long-term horizon.
  • Then in 2017, it struck a $24 billion deal for fellow Dividend Aristocrat C.R. Bard, another medical products company with a strong position in treatments for infectious diseases.
  • Below is a table of all of the positions, the cumulative return for each component and the allocation as of February 28, 2023.

Below you can see some of the best dividend paying stocks 2023 which have history of high dividend payment. You need to first decide about what type of investment you want to make. Like you might be thinking of investing money for a year or for some months or for less than a month. Dividend stocks generally require a long term investment also these stocks are not much volatile.

Finding the Best Stocks to Buy Amid Market Volatility

The strong dollar resulted in a $523 million reduction in sales as sales made in other currencies had to be remunerated in more expensive USD. Given their high Morningstar Analyst Ratings, we expect the top-rated mutual funds and ETFs on our list to outperform over a full market cycle. Most dividend mutual funds and ETFs take one of two approaches to investing.


Hero MotoCorp Ltd is India’s leading two-wheeler company, with over 100 mn two-wheelers sold to date. The company is an Indian multinational motorcycle and scooter manufacturer. As of 28th February 2023, the company’s market capitalisation and stock price were Rs. 48,711.93 cr.

Our primary goal is income that should increase over time at a rate that at least beats inflation. Our secondary goal is to grow the capital and provide a cumulative growth rate of 9%-10% at a minimum. These goals are, by and large, in alignment with most retirees and income investors, as well as DGI investors. A balanced DGI portfolio should keep a mix of high-yield, low-growth stocks along with some high-growth but low-yield stocks.

This megabank has roots dating back to 1799, and is currently the largest U.S. bank by assets. If you’re a long-term income investor, JPM is the kind of financial stock you can believe in for many years to come. Sure, the financial crisis of 2008 shook things up—and in fact, it even resulted in a short-lived dividend rollback for JPM. However, those dividend cuts were mandated by the Federal Reserve. And it’s worth noting that JPMorgan was the first major financial organization in the U.S. to eclipse its pre-crisis dividend levels. Specifically, in 2008, JPM was paying $1.52 annually before the downturn, but by the end of 2014, it had paid $1.56 per share.

Its solar and wind business accounted for $2.093 billion in revenues during the same period. NEE stock represents a potent but reliable mix of growth and stability. But realistically, once a company initiates a dividend policy, it will likely continue to do so.

A dividend yield is the percentage of a company’s price per share that it pays in dividends each year, providing a handy ratio for directly comparing different dividend per share amounts separate companies. The average dividend growth history is nearly 34 years, and the average discount from a 52-week high is very attractive for these stocks at -27%. Also, three of the five companies have an excellent credit rating of A- or higher. If you must need even higher dividends, consider B-List or C-List, presented later. Haliburton’s CEO told analysts that it was entering a “multiyear upcycle,” according to Argus.

The 7 Best Dividend Stocks to Buy in March 2023

ITW offers a decent dividend yield and a very good five-year dividend growth rate. This has been fueled by strong earnings, which increased 12.5% per year over the last five years. Analysts expect EPS to grow by 5% per year over the next five years. Amgen is a biotech company that develops drugs for cancer, inflammatory and renal diseases, asthma, and more. It has the second highest dividend yield on our list, and the annual dividend payout amount has increased at a decent clip over the last five years. Exceptional Free Cash Flow – Along with growth in revenue and earnings, investors will want to see companies that have a healthy cash flow.

However, management participates on the boards of its portfolio companies to help drive value creation and takes a long-term approach, investing in less than 60 companies since GAIN went public in 2005. In total, management estimates that around 85% of the mid-cap REIT’s rent comes from tenants with “stable rent-paying ability, strong covenants, and sustained foot-traffic.” The BDC takes a disciplined approach to leverage as well, holding much less debt than is allowed by regulators. Coupled with a relatively conservative portfolio, Main Street earns a BBB- investment grade credit rating. Unlike most of its peers, Main Street has a flawless record of never cutting its regular monthly dividend since making its first payout in 2007, a stretch that includes two recessions. Below the table you’ll find our analysis on every stock that pays dividends monthly, ranked from our most to least favorite companies.

At the same time, we believe it is not possible to catch the exact bottom , so it is best to invest regularly and consistently in good, solid dividend-paying stocks when their valuations are attractive. But Amgen is an 800-pound gorilla in its industry, with a diversified roster of 26 drugs on the market . As for that dividend, ADM has issued 47 years of consecutive increases to its payout – most recently lifting it by 8.1% in January 2022. This not only makes Archer-Daniels-Midland one of the best dividend stocks to own, but one of the best stocks to buy for 2023 and beyond.

Dividend Aristocrats List: All 67 + Our Top 5 Picks

Also, one could sell monthly covered calls on this stock to boost the effective yield to almost 10%. CSL is a global company that manufactures a diverse range of products, including highly engineered products. Its manufactures products for commercial roofing, architectural metal, and specialty polyurethane. It caters to customers in diverse sectors, such as aerospace, medical, defense, transportation, and industrials.

Best Dividend ETFs of 2023 – The Motley Fool

Best Dividend ETFs of 2023.

Posted: Tue, 28 Mar 2023 07:00:00 GMT [source]

Prudential has steadily ratcheted up its paydays lately as a result, with dividends soaring from $1.60 annually in 2012 to $4.80 presently. That kind of growth over the past 10 years should make anyone pay attention, even if the company isn’t as dynamic as other financial firms. Keeping with the theme of entrenched giants that are going nowhere, it’s hard to imagine a time when megabank JPMorgan Chase hasn’t dominated the financial sector.

The 20 Best Recession-Proof Dividend Stocks for a Downturn in 2022-23

In many cases, PennantPark is part of the first institutional capital into a company where a founder is selling their business to a private equity firm, which provides equity support as it seeks to grow the firm. The next downturn is unlikely to be as harsh as the pandemic was for hotel REITs. But income investors still need a strong stomach for volatility to hold these businesses.

And the transaction exposure what are the 4 primary forms of transactions from which‘s scale really came in handy during the pandemic, when it had to weather the closure of restaurants, bars and other food-service venues. Its portfolio includes branded generic drugs, medical devices, nutrition and diagnostic products. Some of its best-known products include Similac infant formulas, Glucerna diabetes management products and i-Stat diagnostics devices. Jack Daniel’s Tennessee whiskey and Finlandia vodka are just two of its best-known brands, with the former helping drive long-term growth.

But it is now learning it needs to keep the punch bowl spiked just just a bit, with the key rate still below the rate of inflation. Will OPEC’s move prompt the Federal Reserve to raise rates even higher to cool demand for oil? Though some new drugs are off to a good start and selling well, that’s been offset by slowing sales for its older treatments, which are under pressure from competitors. Archer-Daniels-Midland () buys, transports and processes food commodities. An inflation hedge, ADM stock has been a big winner over the last year, benefiting from rising prices caused by supply-chain disruptions. Food scarcity seems like a longer-term problem, and the stock is reasonably priced at a P/E of 15.

Dividend Stock #4 – Costco Wholesale (COST)

I believe that a buy-and-hold approach is the best strategy for all dividend investors. If you apply this strategy targeting quality companies trading for attractive prices, you should achieve better-than-average results in the long run. As of month end February, the portfolio is made up of 35 unique high yield dividend stocks. Below is a table of all of the positions, the cumulative return for each component, and the allocation as of February 28, 2023. The portfolio is made up of 51 unique high yield dividend stocks.

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The most recent hike came in February 2023 with an 8.3% increase to the quarterly payment to 65 cents per share. But sometimes boring can be beautiful, and that’s the case with Amcor when it comes to reliable income. It was named to the list of payout-hiking dividend stocks at the start of 2020 after its June acquisition of Bemis. Bemis, which fell out of the S&P 500 Index and thus the Aristocrats in 2014, rejoined by merit of its merger with Amcor. Thanks to its steady and generous stream of dividend hikes, Essex boasts an 10-year compound annual dividend growth rate of 7.2%. Hormel Foods is a food production company that operates multiple brands, including Dinty Moore, Applegate, Planters, Skippy, and SPAM.

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Trades at a 29% discount to our fair value, and it currently yields 6.2%. In terms of the dividend, the company pays an annual dividend of $2.61 per share which equates to a high-yield of 7%. Currently, shares of BMY have a dividend yield of 3.1%, and that dividend has grown at an average annual clip of 7% over the past 5 years. The company has increased the dividend for 14 consecutive years now.

Sometimes companies share a good amount of profits with their investors. Many of the investors consider this fact while creating their portfolio for a long term. See all 67 dividend aristocrats, including their dividend yields, Dividend Safety Scores, and analysis of the best aristocrats for long-term investors.