In this article, we will take a look at the 10 Best June Dividend Stocks to Buy.
In a Morningstar report, Morningstar Indexes strategist Dan Lefkovitz said dividend growth investing is centered on companies that keep increasing their payouts to shareholders over time. In his view, businesses that consistently raise dividends are often financially strong and still getting stronger, which can signal improving long-term prospects.
He explained that the strategy gives investors a way to focus on higher-quality companies with solid competitive positions and, in some cases, economic moats. Lefkovitz also noted that dividend growth investing tends to have a more defensive profile, meaning it is usually less volatile than the broader stock market.
According to Lefkovitz, dividend growth strategies often perform somewhere between the overall market and high-dividend-paying stocks. When high-yield dividend stocks lead the market, dividend growth strategies may lag those names but still outperform the broader market. At the same time, when the market is rallying strongly, dividend growth strategies tend to trail the broader indexes, though generally not by as much as high-yield equities. He added that he expects this overall pattern to continue going forward.
Lefkovitz also said dividend stocks have historically held up better during periods of market weakness. He pointed to selloffs this year, along with downturns in 2022 and 2018, saying dividend growth strategies performed better than the broader stock market during those weaker periods.
Given this, we will take a look at some of the best dividend stocks in June.
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 June 2026. The ex-dividend date indicates the cutoff day to buy a stock to receive its upcoming dividend payment. We picked companies that have recently reported noteworthy developments likely to impact investor sentiment. These companies are also popular among elite funds and analysts. The stocks are ranked according to their ex-dividend dates.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. MGE Energy, Inc. (NASDAQ:MGEE)
Ex-Dividend Date: June 1
On May 21, Morgan Stanley analyst David Arcaro lowered the firm’s price recommendation on MGE Energy, Inc. (NASDAQ:MGEE) to $70 from $74. He reiterated an Underweight rating on the shares. The firm updated its price targets for Regulated & Diversified Utilities/IPPs in North America for April, the analyst told investors. Morgan Stanley noted that utilities underperformed the S&P’s return this month.
The company reported its Q1 2026 earnings on May 5. MGE Energy posted GAAP earnings of $48.5 million, or $1.32 per share, for the first quarter of 2026. That compares with $41.6 million, or $1.14 per share, in the same period last year. Earnings from the electric segment rose by $5.5 million in 2026 compared with 2025. The increase came from strategic capital investments that expanded the company’s rate base. Growth continued to be driven largely by the successful rollout of key renewable energy projects.
Gas net income remained steady, with little change from the first quarter of 2025.
MGE Energy, Inc. (NASDAQ:MGEE) is a public utility holding company. Its segments include regulated electric utility operations, regulated gas utility operations, nonregulated energy operations, transmission investments, and other businesses.
9. Northrop Grumman Corporation (NYSE:NOC)
Ex-Dividend Date: June 1
On May 26, Jefferies lowered its price recommendation on Northrop Grumman Corporation (NYSE:NOC) to $620 from $660. It reiterated a Hold rating on the shares after meeting with CEO Kathy Warden and CFO John Greene. The firm said it applied a discount because of Northrop’s below-average organic growth, margin pressure tied to the B-21 program, and rising capital expenditures. According to the analyst, capex has been increasing at a 14% compound annual growth rate and is now approaching 4.5% of sales.
On May 18, Citi analyst John Godyn lowered the firm’s price goal on NOC to $628 from $742. He kept a Buy rating on the shares. The firm updated its models in the aerospace and defense sector and said it does not expect an “immediate V-shaped rally” without a resolution to the Middle East conflict. Citi still sees buying opportunities after the recent selloff. The firm expects the aerospace group to recover first, followed by defense companies.
Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense technology company. Its business segments include Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems.
