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10 Best April Dividend Stocks To Buy

In this article, we discuss 10 best April dividend stocks to buy. You can skip our detailed analysis of dividend stocks and their performance in the past, and go directly to read 5 Best April Dividend Stocks To Buy

Dividend stocks remain on investors’ radar in 2023 amid rising inflation and recession fears. According to a report by Ned Davis Research, dividend-paying stocks in the S&P 500 outperformed non-dividend stocks by an average of 1.9% per year between 1972 and 2018.

Dividend-paying stocks have provided higher long-term returns to shareholders than non-dividend stocks. Last year, dividend equities emerged as winners amid fluctuating market conditions. Quality companies that have rewarded shareholders with decades-long dividend growth become top choices for investors. The S&P 500 Dividend Aristocrats Index declined by 6.21% in 2022, compared with an 18% drop in the S&P 500. A report by ProShares revealed that Russell 2000 Dividend Growth Index plunged by 5.44% last year as compared with a negative 20.44 return of the Russell 2000 Index.

In addition to offering long-term returns to shareholders, dividend growers tend to be less volatile than other stocks, which can help reduce overall portfolio risks. We previously reported that dividend growers and initiators delivered an annual average return of 11.6% from 1972 to 2014, with an annual risk of 15.9%, while dividend cutters exhibited a 25.1% risk during this period while delivering an annual average return of 3.4%. To learn more about dividend growth stocks, readers can have a look at 12 High Growth Forever Dividend Stocks. Some of these companies include Merck & Co., Inc. (NYSE:MRK), AbbVie Inc. (NYSE:ABBV), and Chevron Corporation (NYSE:CVX).

One of the main reasons for picking dividend stocks over other equities is to maintain and increase income over time. For this reason, investors may turn to a dividend capture strategy, which involves buying shares of a stock just before its ex-dividend date. By purchasing the stock at that time and selling it shortly thereafter, the investor can collect the dividend payment without holding the stock for an extended period of time. Our article titled Dividend Capture Strategy Stocks To Buy covers nearly all aspects of this investment strategy.

Photo by Karolina Grabowska: https://www.pexels.com/photo/hands-holding-us-dollar-bills-4968630/

Our Methodology:

For this list, we selected dividend stocks that will trade ex-dividend in April. Ex-dividend date indicates the cutoff day to buy a stock to receive its upcoming dividend payment. The list is ranked according to their ex-dividend dates.

Best April Dividend Stocks To Buy

10. JPMorgan Chase & Co. (NYSE:JPM)

Ex-Dividend Date: April 5 

Dividend Yield as of March 31: 3.11%

JPMorgan Chase & Co. (NYSE:JPM) is a New York-based financial services company that offers services in investment banking, commercial banking, and asset management. The company reported a strong cash position in the fourth quarter of 2022. It returned $3 billion to shareholders in dividends during the quarter, which places it as one of the best dividend stocks on our list.

On March 22, JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend of $1.00 per share, which was in line with its previous dividend. The stock’s dividend yield of March 31 came in at 3.11%. The stock will trade ex-dividend on April 5. Other popular dividend stocks include Merck & Co., Inc. (NYSE:MRK), AbbVie Inc. (NYSE:ABBV), and Chevron Corporation (NYSE:CVX).

According to Wells Fargo, JPMorgan Chase & Co. (NYSE:JPM) is well-positioned to benefit from both market share gains and its diversified businesses in these ‘less certain times’. Given this, the firm upgraded the stock to Overweight in March and also raised its price target on the stock to $155.

At the end of Q4 2022, 100 hedge funds tracked by Insider Monkey reported having stakes in JPMorgan Chase & Co. (NYSE:JPM), compared with 110 in the previous quarter. These stakes have a collective value of over $5.1 billion. Citadel Investment Group was the company’s largest stakeholder in Q4.

9. Morningstar, Inc. (NASDAQ:MORN)

Ex-Dividend Date: April 5 

Dividend Yield as of March 31: 0.76%

Morningstar, Inc. (NASDAQ:MORN) is an American financial services firm that provides data on a wide range of investment offerings. The company currently pays a quarterly dividend of $0.375 per share and has a dividend yield of 0.76%, as of March 31. It has been raising its dividends consistently for the past 11 years, coming through as one of the best dividend stocks on our list. The stock will go ex-dividend on April 5.

In the fourth quarter of 2022, Morningstar, Inc. (NASDAQ:MORN) reported revenue of $475 million, which showed a 2.8% growth from the same period last year. The company remained committed to its shareholder obligation, returning $61.5 million to investors in dividends throughout 2022.

At the end of December 2022, 23 hedge funds tracked by Insider Monkey reported having stakes in Morningstar, Inc. (NASDAQ:MORN), up from 19 in the previous quarter. These stakes have a total value of over $1.1 billion.

Baron Funds mentioned Morningstar, Inc. (NASDAQ:MORN) in its Q3 2022 investor letter. Here is what the firm has to say:

Morningstar, Inc. (NASDAQ:MORN), a provider of independent investment research, detracted in the quarter due to multiple short-term headwinds. Market volatility has caused a slowdown in asset- and transaction-based revenue, while margins were pressured by an increase in merit-based compensation. Finally, there is investor concern that license revenue could decline if clients implement headcount reductions. We remain confident in Morningstar’s ability to grow organically despite the difficult near-term macro environment”

8. Roper Technologies, Inc. (NYSE:ROP)

Ex-Dividend Date: April 5 

Dividend Yield as of March 31: 0.62%

Roper Technologies, Inc. (NYSE:ROP) is a Florida-based diversified industrial company that manufactures engineered products for global markets. The company has operations in over 100 countries. Truist initiated its coverage on the stock with a Buy rating in March and a $510 price target, expecting the company to show sales growth this year. The firm also appreciated the company’s free cash flow generation.

On March 17, Roper Technologies, Inc. (NYSE:ROP) declared a quarterly dividend of $0.6825 per share. The company is one of the best dividend stocks on our list as it has raised its payouts for 31 years straight. The stock’s dividend yield on March 31 came in at 0.62%. It will be trading ex-dividend on April 5.

As of the close of Q4 2022, 41 hedge funds tracked by Insider Monkey reported having stakes in Roper Technologies, Inc. (NYSE:ROP), compared with 44 in the previous quarter. The collective value of these stakes is over $2.44 billion.

Wasatch Global Investors mentioned Roper Technologies, Inc. (NYSE:ROP) in its Q4 2022 investor letter. Here is what the firm has to say:

Roper Technologies, Inc. (NYSE:ROP) was another large contributor. The stock was up after the company released strong third-quarter financial results, including revenue and earnings growth that exceeded consensus expectations. Roper develops software and other engineered products for a variety of niche markets and industries. The company owns 26 independent businesses, most of which enjoy strong barriers to entry and leadership positions in their respective markets. The management team has done an exceptional job, in our view, of improving the operating performance and free cash flow generation of the businesses in its portfolio, then deploying that cash into acquiring new businesses that fit a similar profile. Roper’s ability to put up strong results in what’s been a challenging operating environment for many businesses speaks to the durability of the business.”

7. McCormick & Company, Incorporated (NYSE:MKC)

Ex-Dividend Date: April 6

Dividend Yield as of March 31: 1.93%

McCormick & Company, Incorporated (NYSE:MKC) is a Maryland-based food company that manufactures and markets a wide range of food products. The company declared a quarterly dividend of $0.39 per share on March 30, which was in line with its previous dividend. It maintains a 37-year streak of consistent dividend growth, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 1.93%, as of March 31 and will be trading ex-dividend on April 6.

In the first quarter of 2023, McCormick & Company, Incorporated (NYSE:MKC) reported a strong cash position as its operating cash flow came in at $103 million, up from $18 million from the same period last year. The company’s revenue for the quarter came in at $1.56 billion, which showed a 2.6% growth from the prior-year period.

According to Insider Monkey’s Q4 2022 database, 25 hedge funds owned stakes in McCormick & Company, Incorporated (NYSE:MKC), with a total value of over $1.5 billion. With over 15 million shares, Fundsmith LLP was the company’s leading stakeholder in Q4.

6. Darden Restaurants, Inc. (NYSE:DRI)

Ex-Dividend Date: April 6

Dividend Yield as of March 31: 3.15%

Darden Restaurants, Inc. (NYSE:DRI) is an American multi-brand restaurant company that owns fine dining restaurant chains. KeyBanc raised its price target on the stock to $170 with an Overweight rating on the shares, highlighting its same-store sales growth in its recent quarterly earnings.

Darden Restaurants, Inc. (NYSE:DRI), one of the best dividend stocks, currently pays a quarterly dividend of $1.21 per share. The stock’s dividend yield came in at 3.15% on March 31. It will be going ex-dividend on April 6. Merck & Co., Inc. (NYSE:MRK), AbbVie Inc. (NYSE:ABBV), and Chevron Corporation (NYSE:CVX) are some other best dividend stocks preferred by investors.

The number of hedge funds in Insider Monkey’s database having stakes in Darden Restaurants, Inc. (NYSE:DRI) grew to 39 in Q4 2022, from 27 in the previous quarter. The collective value of these stakes is over $701.2 million. Ken Griffin, Steve Cohen, and Brandon Haley were some of the company’s leading stakeholders in Q4.

Click to continue reading and see 5 Best April Dividend Stocks To Buy

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Disclosure. None. 10 Best April Dividend Stocks To Buy is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
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Trump has made it clear: Europe and U.S. allies must buy American LNG.

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AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

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AI needs energy. Energy needs infrastructure.

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This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

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This company is completely debt-free.

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It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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  • The AI infrastructure supercycle
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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…