Oracle provides database solutions and software to companies around the world. Red Bull used Oracle Cloud to manage its F1 team, strategy and fan engagement on the way to a 2022 Constructor’s and Driver’s Championship. To be sure, there are plenty of challenges to overcome, in a business where many restaurants just aren’t able to make the numbers work. From food cost inflation, to rising wages, to a Covid crisis that temporarily shut down the whole dine-in industry, restaurant operators have had to rewrite their business playbooks on the fly. It’s not an exciting business, but it can be a remunerative one.
This Brookfield entity focuses on renewable energy, including hydroelectric, wind, solar, and energy storage facilities. The assets generate steady cash flow backed by long-term power purchase agreements with utilities best day trading stocks and other end users, supporting Brookfield’s high-yield dividend. As one of the largest apartment owners in the country, AvalonBay benefits from collecting steady rental income to support its high-yielding payout.
The final members of our list of dividend stocks to buy and hold in 2023 span multiple sectors. All of them offer great dividends and solid long-term growth prospects. The company has several growth drivers, including acquiring clean energy assets from third parties and its parent, utility NextEra Energy. NextEra has a vast and growing portfolio of clean energy infrastructure assets that it can drop down to the partnership. It also has the financial flexibility to continue expanding, with several funding partners willing to provide low-cost capital to complete deals. That puts the pursuit of passive income back in the spotlight for investors.
Archer-Daniels-Midland is an agricultural company focused on researching and developing human and animal nutrition products, biosolutions for various industries, and farming-related services. Exxon Mobil is a petroleum and chemical company that engages in the extraction of oil and the creation of products using petroleum byproducts. AbbVie is a pharmaceutical research and development company that creates medications for medical treatments.
Verizon should be able to continue increasing its dividend as it invests to transition its mobile network to 5G, bringing faster data speeds to its customers. VICI Properties is a REIT focusing on owning experiential real estate like casinos. The company leases those properties back to operating companies under long-term triple net leases (NNN).
That is the lowest expected growth rate on this list, but it is still above the median expected growth rate of 8.5% for S&P 500 stocks. Merck has the highest historical EPS growth on this list, but analysts expect the company’s growth to slow das trader to an average of 10.5% over the next five years. Best of all, dividend stocks have better total returns than non-dividend stocks. From 1973 to 2022, S&P 500 dividend stocks delivered twice the return of stocks that paid no dividends.
Comerica pays its quarterly $0.68 per share dividend in January, April, July and October. The bank did increase its dividend several times between 2015 and 2018. However, the per-share payout has been unchanged since April, 2020, after an increase of $0.01. Enterprise Products Partners ranks as one of the top players in the midstream oil and gas market. The master limited partnership (MLP) has increased its payout for almost a quarter century. Canadian oil pipeline giant Enbridge has been an outstanding dividend stock over the years.
But it shouldn’t go unnoticed that the packaged food company is about as reliable as they come when it comes to income investing, having raised its payout every year for more than five decades. Dover in August 2023 also approved a new share repurchase program authorizing management to purchase up to $5 billion of the company’s common stock over an open-ended period of time. EPS growth, however, is forecast to increase at a double-digit percent rate. As for its origins, Walgreen Co. merged with Alliance Boots – a Switzerland-based health and beauty multinational – in 2014 to form the current company. Walgreens Boots Alliance and its predecessor company have paid a dividend in 359 straight quarters, or more than 89 years.
Investing for dividend growth
Expeditors International of Washington (EXPD) was added to the Aristocrats in January 2020. The logistics company last raised its semiannual dividend in May 2023, to 69 cents a share from 67 cents a share. BRO’s most recent hike was announced in October 2022 – a 12.2% increase in the quarterly distribution to 11.50 cents per share. Perhaps less well known is that SJM is an equity income machine, having increased its dividend annually for 26 years, per S&P. Thanks to that track record, the stock was added to the Dividend Aristocrats on Feb. 1, 2023.
Founded in 1912, Illinois Tool Works (ITW) makes construction products, car parts, restaurant equipment and more. While ITW sells many products under its namesake brand, it also operates businesses including Foster Refrigerators, ACME Packaging Systems and the Wolf Range Company. Medical devices maker Becton Dickinson (BDX) has bulked up quite a bit over the past few years.
- Our list of the best dividend growth stocks is built using strict criteria.
- Chevron’s integrated operations, low-cost oil business, and lower-carbon energy investments position it to sustain and grow its dividend in future years.
- If you’re looking to add high quality dividend stocks to hedge against inflation, Forbes’ investment team has found 5 companies with strong fundamentals to keep growing when prices are surging.
Some of them could also have significant upside potential over the next 12 months. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The analyst contends that near-term pressures like risks around the Tengiz project are largely reflected in CVX’s valuation.
What is a Dividend Achiever?
MMM is a “Dividend Aristocrat,” which is a name given to companies that have grown their dividends every year for decades. First on this week’s dividend list is Public Service Enterprise Group (PEG), one of the leading electric and gas companies in the U.S. With hundreds of millions of vehicles in the U.S., the country is car crazed and someone has to sell the parts to keep all those autos on the road, a market worth about $300 billion annually. Robert Kalman, cofounder and senior portfolio manager at Miramar Capital, thinks Advance Auto Parts is in a good position.
High-Yield Dividend Stocks to Buy in 2023
“Beyond BD, the company remains committed to growing its dividend and will continue to be opportunistic with share buybacks,” the analyst added. Broadcom generated $4.6 billion in free cash flow in the fiscal third quarter of 2023. It paid a cash dividend worth $1.9 billion in the quarter and repurchased 2.4 million shares. Tucker is also bullish on Southern Company (SO), a gas and electric utility giant. Earlier this month, the analyst called SO a “quality utility operating in constructive regulatory environments.” He reiterated a buy rating on the stock and increased the price target to $80 from $78.
A list of high-yielding dividend stocks to consider buying now.
You want to make sure that the dividend will be sustainable over the long term and that the price of shares won’t plummet. Some investors choose to use the dividend payments they receive to invest in other things or as a source of income for living expenses. Others reinvest their dividends, buying more shares in the dividend-paying company. In this way, they increase their investments and receive larger payments with each dividend, letting their growth compound.
Are Dividend Stocks Good For Passive Income?
Archer-Daniels-Midland has paid out dividends on an uninterrupted basis for 89 years. The most recent hike came in January 2023, when ADM increased the quarterly payout by 12.5% to 45 cents a share. The move extended the dividend stock’s streak of annual raises to 50 years.
Consumers know MMM for Post It notes, Scotch Tape and more than 100,000 patents in a wide variety of industries. But MMM is also now offering its highest dividend yield since it started paying a dividend, back in the 1980s. That is the result of some up and down years that have the stock trading at nearly 60% below its 2018 peak. With inflation running What is price action in forex at 3.7%, dividend stocks offer one of the best ways to beat inflation and generate a dependable income stream. Download Five Dividend Stocks To Beat Inflation, a special report from Forbes’ dividend expert, John Dobosz. Commenting on BMY’s capital allocation program, Shibutani said that management’s priority remains business development (BD).
As a leader in its sector, DUK stands a good chance to benefit from a secular boom in infrastructure spending in the U.S. It has grown its dividend for 11 years in a row, and its stock is down about 10% this year, setting DUK up to be a potentially above-average source of passive income. Following the company’s Research and Development (R&D) Day held in New York on Sept. 14, Goldman Sachs analyst Chris Shibutani reaffirmed a buy rating on BMY stock with a price target of $81.
