Are you looking for the best dividend stocks to invest in for 2024? If so, you're in the right place. The stock market is always unpredictable, but there are certain companies that consistently provide high dividend yields. In this article, we'll discuss the top dividend stocks in the United States that you should consider adding to your portfolio this year.
Top Dividend Stocks to Watch in 2024
Johnson & Johnson (JNJ) Johnson & Johnson is a well-known healthcare company that has been paying dividends since 1944. The company has a long history of increasing its dividend each year, making it a favorite among dividend investors. As of 2023, JNJ has a dividend yield of 2.5%, which is expected to increase in 2024.
Procter & Gamble (PG) Procter & Gamble is a consumer goods giant that produces everyday products such as Tide detergent, Crest toothpaste, and Pampers diapers. With a dividend yield of 2.3%, PG is another great option for dividend investors. The company has paid dividends for over a century and has a strong track record of increasing its dividend.
Walmart (WMT) Walmart is the largest retailer in the United States and a great dividend stock for investors looking for stability. With a dividend yield of 1.7%, WMT offers a reliable source of income. The company has increased its dividend for 48 consecutive years, making it an excellent choice for long-term investors.
Cisco Systems (CSCO) Cisco Systems is a technology company that designs, manufactures, and sells networking equipment. With a dividend yield of 2.6%, CSCO is a solid investment for dividend investors. The company has increased its dividend for 17 consecutive years and has a strong balance sheet, making it a stable dividend-paying stock.
IBM (IBM) International Business Machines Corporation, or IBM, is a technology company that provides cloud computing and consulting services. With a dividend yield of 5.3%, IBM is one of the highest-yielding dividend stocks on this list. The company has increased its dividend for 20 consecutive years and has a long history of generating strong returns for investors.
Case Studies
Let's take a look at two companies from our list to see how their dividends have performed over the years.
Johnson & Johnson (JNJ) Over the past 10 years, JNJ's dividend has increased from
1.90 per share to 3.20 per share. This represents a compound annual growth rate (CAGR) of 5.5%. As a result, an investor who invested10,000 in JNJ in 2013 would have received 32,000 in dividends by the end of 2023, assuming reinvestment of dividends.IBM (IBM) Over the past 10 years, IBM's dividend has increased from
2.00 per share to 5.20 per share. This represents a CAGR of 12.6%. An investor who invested10,000 in IBM in 2013 would have received 52,000 in dividends by the end of 2023, assuming reinvestment of dividends.
Conclusion
As we move into 2024, these top dividend stocks in the United States offer investors a great opportunity to generate income and potentially benefit from capital appreciation. However, it's important to conduct thorough research and consider your own financial situation before making any investment decisions. Happy investing!
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