What are the top 5 dividend stocks to buy? (2024)

What are the top 5 dividend stocks to buy?

We have selected five dividend growth stocks — Griffon Corporation GFF, ArcBest Corporation ARCB, Ralph Lauren Corp. RL, KB Home KBH and PACCAR Inc. PCAR — that could be solid choices for your portfolio.

There are a couple of reasons that make dividend-paying stocks particularly useful. First, the income they provide can help investors meet liquidity needs. And second, dividend-focused investing has historically demonstrated the ability to help to lower volatility and buffer losses during market drawdowns.

The Coca-Cola Company ( KO ) pays dividends on a quarterly basis. The next dividend payment is planned on April 1, 2024 .

What cheap stocks pay dividends?

Yes, KO has paid a dividend within the past 12 months. How much is Coca-Cola's dividend? KO pays a dividend of $0.48 per share. KO's annual dividend yield is 3.09%.

Despite these fears, PepsiCo just raised its dividend yet again -- marking 52 straight years of dividend increases -- putting its forward dividend yield above 3% for the first time since the March 2020 low.

Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment.

If you buy a stock one day before the ex-dividend, you will get the dividend. If you buy on the ex-dividend date or any day after, you won't get the dividend. Conversely, if you want to sell a stock and still get a dividend that has been declared, you need to hang onto it until the ex-dividend day.

The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP) are some of the best dividend stocks as these companies have been raising their payouts year after year. To create passive income, it's vital that dividends consistently increase over time.

Amazon's analyst rating consensus is a Strong Buy. This is based on the ratings of 41 Wall Streets Analysts.

Which stock will double in 6 months?

Warren Buffett's Berkshire Hathaway (BRK.A) commands the No. 1 position, with an impressive stock price of over half a million dollars. Swiss chocolatier Lindt & Sprüngli (LISN) holds steady at No. 2 with its six-figure stock price of CHF 123,433.

Look at dividend growth

Generally speaking, you want to find companies that not only pay steady dividends but also increase them at regular intervals—say, once per year over the past three, five, or even 10 years.

Whether you want to live off dividends today or are investing for the long haul, the best way to build a dividend portfolio for steady income is to follow a simple set of risk management principles: Hold between 20 and 60 stocks to reduce company-specific risk. Roughly equal-weight each position.