15 Stocks to Buy with Steady Dividends

Published on September 6, 2023 at 7:03 am by Vardah Gill in Dividend Stocks, Hedge Funds, News

In this article, we discuss 15 stocks to buy with steady dividends. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 Stocks to Buy with Steady Dividends.

Investment trends have evolved significantly over time in response to shifts in the market and the preferences of investors. Nevertheless, dividend stocks have consistently attracted interest in the market due to their capacity to provide a dependable source of income. Nearly 77% of the companies in the S&P 500 pay dividends and the policies of individual companies can vary widely, with some paying higher dividends than others.

Over the years, the importance of dividends in contributing to overall investment returns has increased significantly. A report from Morgan Stanley suggested that in the coming years, stock market gains may be smaller with higher volatility. As a result, the portion of the market returns coming from dividends might become more important. From 2013 to 2022, dividends made up about 17% of the total returns in the S&P 500 Index. However, if we look at a much longer period starting from the 1930s, dividends contributed to 37% of the returns. It’s expected that the next few years will resemble this longer-term trend. This growing recognition of the role dividends play in long-term wealth accumulation has led to increased attention from investors seeking both income and capital appreciation.

Since the start of 2023, a group of giant tech companies has made it difficult for other parts of the market to perform better than the S&P 500. While dividend stocks, in general, have not done well compared to the index this year, there have been some positive developments. The ProShares S&P 500 Dividend Aristocrats ETF (NOBL), which invests in companies with dividend growth track records over 25 consecutive years, is aiming to recover with its straightforward approach. The fund has gained 4.98% year-to-date, which is considerably lower than the 18.9% return of the S&P 500. However, this performance represents a promising beginning in terms of a potential recovery for the fund.

The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP) are some of the most popular stocks among investors that have raised their dividends for decades. These companies are resilient, profitable, generate substantial cash flow, and are typically capable of enduring various economic conditions.

Analysts have been paying close attention to dividend stocks this year due to their possible resurgence in the markets. In one of her recent interviews with CNBC, Sandy Pomeroy, a senior portfolio manager at Neuberger Berman, presented a positive outlook on dividend stocks over the next years. Here are some comments from the analyst:

“Dividend stocks are so cheap right now, that maybe you just have a reversal based on the fact that they are as cheap as they have been since the tech boom of the 1990s. When we did that we were three standard deviations cheaper relative to that period, three standard deviations cheaper now. And they went on to have a great decade. They were the outperformers for the next ten years.”

In view of these arguments and the analyst’s remarks, we will discuss some of the best dividend stocks to buy with steady dividends.

Our Methodology:

For this article, we scanned Insider Monkey’s database of 910 hedge funds as of Q2 2023 and picked dividend stocks with over 10 consecutive years of dividend growth and dividend yields over 2%, as of September 4. After that, we gathered the price forecasts and ratings given to these stocks by Wall Street analysts and other investment firms. From the resultant list, we picked 15 stocks with the highest upside potential based on their price targets. The stocks are ranked in ascending order of upside potential as of September 4.

15. Exxon Mobil Corporation (NYSE:XOM)

Upside Potential as of September 4: 8.61%

Dividend Yield as of September 4: 3.21%

Number of Hedge Fund Holders: 71

Exxon Mobil Corporation (NYSE:XOM) is one of the world’s largest oil and gas companies. Its primary activities include exploration, production, refining, and marketing of oil and natural gas products. The company is one of the best stocks with steady dividends because it has raised its dividends for 40 consecutive years. It currently pays a quarterly dividend of $0.91 per share and has a dividend yield of 3.21%, as recorded on September 4.

In addition to Exxon Mobil Corporation (NYSE:XOM), The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP) boast decades-long dividend growth streaks, becoming some of the top choices for investors.

At the end of Q2 2023, 71 hedge funds in Insider Monkey’s database reported having stakes in Exxon Mobil Corporation (NYSE:XOM), compared with 73 a quarter earlier. The collective value of these stakes is over $3.08 billion. With over 13.3 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q2.

14. The Procter & Gamble Company (NYSE:PG)

Upside Potential as of September 4: 9.29%

Dividend Yield as of September 4: 2.44%

Number of Hedge Fund Holders: 74

The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods company that specializes in a wide range of consumer products across various categories. The company currently offers a quarterly dividend of $0.9407 per share and has a dividend yield of 2.44%, as of September 4. It has raised its dividends consistently for 67 years, which makes it one of the best stocks with steady dividends.

As of the close of Q2 2023, 74 hedge funds tracked by Insider Monkey owned stakes in The Procter & Gamble Company (NYSE:PG), worth over $5.3 billion in total.

13. Comcast Corporation (NASDAQ:CMCSA)

Upside Potential as of September 4: 9.47%

Dividend Yield as of September 4: 2.54%

Number of Hedge Fund Holders: 66

Comcast Corporation (NASDAQ:CMCSA) is next on our list of stocks with steady dividends. The major telecommunications and media company declared a quarterly dividend of $0.29 on July 27, which was consistent with its previous dividend. It has raised its dividends for 15 years straight. The stock’s dividend yield on September 4 came in at 2.54%.

Of the 910 hedge funds tracked by Insider Monkey, 66 funds owned investments in Comcast Corporation (NASDAQ:CMCSA), down from 68 in the previous quarter. The collective value of these stakes is over $3.1 billion.

12. Broadcom Inc. (NASDAQ:AVGO)

Upside Potential as of September 4: 10.64%

Dividend Yield as of September 4: 2.11%

Number of Hedge Fund Holders: 72

Broadcom Inc. (NASDAQ:AVGO) is a global semiconductor and infrastructure software company known for its diverse portfolio of products and services. The company was a part of 72 hedge fund portfolios at the end of Q2 2023, which remained unchanged from the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds hold a collective value of nearly $4.2 billion.

Broadcom Inc. (NASDAQ:AVGO), one of the best stocks with steady dividends, has raised its dividends for 12 consecutive years. The company currently pays a quarterly dividend of $4.60 per share and has a dividend yield of 2.11%, as of September 4. In the third quarter of 2023, it returned nearly $2 billion to shareholders through dividends.

11. Johnson & Johnson (NYSE:JNJ)

Upside Potential as of September 4: 12.9%

Dividend Yield as of September 4: 2.97%

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ) is an American multinational healthcare and pharmaceutical conglomerate. The company operates in various segments of the healthcare industry and is involved in a wide range of activities. On August 24, the company announced its quarterly dividend of $1.19 per share, which was in line with its previous dividend. It maintains a 61-year streak of consistent dividend growth. The stock’s dividend yield on September 4 stood at 2.97%.

At the end of the June quarter of 2023, 88 hedge funds in Insider Monkey’s database owned stakes in Johnson & Johnson (NYSE:JNJ), growing from 86 in the previous quarter. The total value of the stakes is more than $4.1 billion.

10. Merck & Co., Inc. (NYSE:MRK)

Upside Potential as of September 4: 13.8%

Dividend Yield as of September 4: 2.66%

Number of Hedge Fund Holders: 78

Merck & Co., Inc. (NYSE:MRK) is a multinational global pharmaceutical company that is primarily known for its research, development, and production of prescription drugs and vaccines. The company is one of the best stocks with steady dividends as it holds an 11-year track record of growing dividends. It currently pays a quarterly dividend of $0.73 per share for a dividend yield of 2.66%, as of September 4.

Insider Monkey’s database of 910 hedge funds indicated that 78 funds were bullish on Merck & Co., Inc. (NYSE:MRK) at the end of Q2 2023, up from 75 in the previous quarter. These stakes are collectively valued at over $2.65 billion. With roughly 3 million shares, AQR Capital Management was the company’s leading stakeholder in Q2.

9. Bristol-Myers Squibb Company (NYSE:BMY)

Upside Potential as of September 4: 14.33%

Dividend Yield as of September 4: 3.68%

Number of Hedge Fund Holders: 66

Bristol-Myers Squibb Company (NYSE:BMY) is another biopharmaceutical company that made it to our list of best stocks with steady dividends. The company has been boosting dividends for 17 consecutive years, becoming one of the top choices for investors. It currently pays a quarterly dividend of $0.57 per share and has a dividend yield of 3.68%, as of September 4.

At the end of Q2 2023, 66 hedge funds tracked by Insider Monkey held investments in Bristol-Myers Squibb Company (NYSE:BMY), compared with 68 in the previous quarter. The total value of these stakes stood at nearly $1.7 billion.

8. Union Pacific Corporation (NYSE:UNP)

Upside Potential as of September 4: 14.40%

Dividend Yield as of September 4: 2.35%

Number of Hedge Fund Holders: 84

Union Pacific Corporation (NYSE:UNP) is an American transportation company that is known for its railroad operations but it also offers various logistics and related services. It was a popular stock among hedge funds in Q2 2023, as 84 funds in Insider Monkey’s database were bullish on the company, owning collective stakes worth over $4.15 billion.

On July 26, Union Pacific Corporation (NYSE:UNP) declared a quarterly dividend of $1.30 per share, which remained unchanged from its previous dividend. Overall, the company has been raising its dividends for 16 years running. As of September 4, the stock has a dividend yield of 2.35%.

7. Medtronic plc (NYSE:MDT)

Upside Potential as of September 4: 15.1%

Dividend Yield as of September 4: 3.36%

Number of Hedge Fund Holders: 63

Medtronic plc (NYSE:MDT) is a multinational medical technology company that mainly specializes in medical devices and other healthcare solutions. The company offers a quarterly dividend of $0.69 per share and has a dividend yield of 3.36%, as of September 4. It is one of the best stocks with steady dividends as it has raised its payouts for 46 years straight.

Medtronic plc (NYSE:MDT) saw growth in hedge fund positions in Q2 2023, as 63 funds in Insider Monkey’s database owned investments in the company, compared with 52 in the previous quarter. The overall value of these stakes is over $1.8 billion.

6. AbbVie Inc. (NYSE:ABBV)

Upside Potential as of September 4: 15.6%

Dividend Yield as of September 4: 3.99%

Number of Hedge Fund Holders: 74

AbbVie Inc. (NYSE:ABBV) ranks sixth on our list of stocks with steady dividends. The global pharmaceutical company is a Dividend King with 50 consistent years of dividend growth under its belt. It currently pays a quarterly dividend of $1.48 per share and has a dividend yield of 3.99%, as of September 4.

Other dividend stocks that are grabbing investors’ attention include The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP).

As of the close of Q2 2023, 74 hedge funds tracked by Insider Monkey reported having stakes in AbbVie Inc. (NYSE:ABBV), down slightly from 75 in the previous quarter. The total value of these stakes is over $2.377 billion. Among these hedge funds, Citadel Investment Group was the company’s leading stakeholder.

Click to continue reading and see 5 Stocks to Buy with Steady Dividends.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

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!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

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…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up