Top 10 Best Dividend Stocks to buy Now : Dividend stocks are a great way to invest in companies that offer investors a steady return on their investment. In this article, we will take a look at the 10 best dividend stocks of 2016.
Johnson & Johnson
Johnson and Johnson (JNJ) is a top choice for investors looking to diversify their portfolios with dividend stocks. The company has a strong history of dividend payments, delivering an annual dividend of $2.84 per share in 2020.
JNJ’s dividend has grown by an average of 5.6% annually over the past 5 years, making it one of the most reliable dividend stocks available.
Additionally, the company has a track record of consistent earnings growth, making it a safe bet for long-term investors. JNJ is a great option for those looking to add income to their portfolio with low risk.
Procter & Gamble
Procter Gamble (PG) is one of the top 10 best dividend stocks to buy now. The company has a long track record of dividend growth and stability, having increased its dividend for 63 consecutive years, with a dividend yield of 2.90%.
PG is a multinational consumer goods corporation that offers a wide range of products, such as laundry detergents, pet food, and health care items.
It has a strong balance sheet and generates strong free cash flow which gives it the financial strength to continue paying out dividends in the long term.
Furthermore, PG has an impressive track record of increasing its dividend each year, making it an attractive investment for income-seeking investors.
Coca-Cola
Coca-Cola is one of the top 10 best dividend stocks to buy now. With a dividend yield of 3.2%, the stock is a great investment for those looking for steady returns.
Coca-Cola has also been able to maintain strong dividend growth over the last five years. Furthermore, with a price-to-earnings ratio of 22.5, the stock is relatively undervalued compared to its peers in the beverage industry.
For investors seeking a safe and reliable return, Coca-Cola is an excellent choice.
Chevron Corporation
Chevron Corporation, the second-largest integrated oil and gas company in the United States, is a top dividend stock to buy now.
With a dividend yield of 5.8%, Chevron offers investors an attractive return on investment with a reliable stream of income. The company has also seen its share price increase over the past year and has a strong balance sheet with a manageable debt load.
Furthermore, Chevron has consistently raised its dividend since 2000, making it an ideal choice for investors seeking both income and capital appreciation.
AT&T Inc.
AT&T Inc. (NYSE: T) is one of the top dividend stocks to buy now, offering an attractive 5.4% dividend yield. The telecommunications giant has been a leader in the industry for decades and is widely recognized as a reliable source of income and stability.
AT&T is well-positioned to benefit from the increased demand for data and Internet services, while continuing to pay shareholders a generous dividend.
With its strong financials and consistent income stream, AT&T is a solid investment choice for investors looking for reliable returns.
Comcast Corporation
Comcast Corporation (NASDAQ:CMCSA) is one of the top 10 dividend stocks to buy now due to its strong financials, robust market presence and steady dividend yield.
The telecom giant has a market capitalization of $208 billion, making it the largest media and communications company in the world. Its stock has been trading at a price of $40.05 per share as of November 25, 2020, with a dividend yield of 2.4%.
While the stock has seen some volatility recently, its long-term fundamentals remain strong and it is expected to continue to generate impressive returns for investors in the near future.
Wells Fargo & Company
Wells Fargo Company (NYSE: WFC) is one of the top 10 best dividend stocks to buy now. With a dividend yield of 4.4%, the company has consistently delivered a reliable source of income for its investors over the years.
Its current annual dividend of $1.50 per share is higher than its five-year average of $1.32 per share, making it an attractive stock for investors looking for consistent dividends.
Wells Fargo also has a solid balance sheet, with strong earnings and low debt levels, making it a safe bet for long-term investors looking to increase their portfolio’s income.
Honeywell International Inc.
Honeywell International Inc is a well-known global technology and manufacturing company based in Charlotte, North Carolina. The company has a long history of providing reliable dividends to its shareholders and is one of the top 10 best dividend stocks to buy now.
As of June 2020, Honeywell’s dividend yield stands at 2.6%, making it an attractive choice for investors seeking a steady income stream. The company has also reported strong earnings growth over the past five years, with revenues increasing from $39 billion in 2015 to $41 billion in 2019.
Honeywell’s financial foundation is further bolstered by its solid balance sheet and low debt ratios, making it a great choice for long-term investors.
United Technologies Corporation (UTC)
United Technologies Corporation (UTC) is one of the top dividend stocks to consider for investors. With a dividend yield of 2.1%, a payout ratio of 44.03%, and a 5-year dividend growth rate of 3.2%, UTC presents a solid option for investors looking for reliable income.
Furthermore, the company has a strong balance sheet, with total liabilities to total assets standing at 0.41 and current ratio at 1.37. UTC is an attractive stock pick for investors who are seeking to diversify their portfolios with reliable dividend-paying stocks.
Boeing Company
The Boeing Company (NYSE: BA) is one of the top dividend stocks to buy right now. Its strong balance sheet and robust cash flow make it the perfect choice for investors looking for a reliable dividend stock.
The stock has a current dividend yield of 2.21%, making it an attractive option for those looking to supplement their income with a steady stream of dividends. Additionally, Boeing has a history of increasing its dividend payments, providing investors with consistent and reliable income growth.
With its strong fundamentals, Boeing is an ideal stock for investors seeking a dependable, long-term dividend stock.
FAQ
In today’s market, there are a number of great dividend-paying stocks that are worth your attention. Here are ten of the top performers in terms of dividends and stock price performance over the past year.
Coca Cola (KO)
Coca Cola has been a consistent dividend payer for over fifty years, and its dividend has increased every year for the past decade. The company has a solid financial position and is expected to generate free cash flow of over $8 billion in 2019.
Wal-Mart (WMT)
Wal-Mart is one of the most well-known and well-respected retailers in the world. The company has been able to grow its dividend for over thirty years and has increased it every year for the past five years. The company is also expected to generate over $20 billion in free cash flow in 2019.
Proctor & Gamble (PG)
Procter & Gamble is one of the largest and most diverse companies in the world. The company has been able to increase its dividend for over forty years and has increased it every year for the past five years. The company is also expected to generate over $25 billion in free cash flow in 2019.
AT&T (T)
AT&T is one of the largest telecommunications companies in the world. The company has been able to increase its dividend for over thirty years and has increased it every year for the past five years. The company is also expected to generate over $32 billion in free cash flow in 2019.
Visa (V)
Visa is one of the largest payment processors in the world. The company has been able to increase its dividend for over thirty years and has increased it every year for the past five years. The company is also expected to generate over $36 billion in free cash flow in 2019.
Conclusion
These are the top 10 best dividend stocks for 2016. Each of these companies offers investors a solid income stream and strong growth potential.
It is always important to do your research before investing in any stock, but these ten companies should be on your radar if you are looking for a safe and reliable source of income.
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