Redditors Recommend These 5 Dividend Stocks for College Students

In this article, we discuss 5 dividend stocks for college students that Redditors recommend. If you want to read our detailed analysis of the current investing environment, go directly to read Redditors Recommend These 10 Dividend Stocks for College Students.

5. Air Products and Chemicals, Inc. (NYSE:APD)

Dividend Yield as of August 16: 2.37%

Air Products and Chemicals, Inc. (NYSE:APD) is an American chemical industry company that sells gases and chemicals for industrial uses. In its fiscal Q3 2022, the company reported an operating cash flow of over $908 million, up from $520 million in the previous quarter. The company’s free cash flow for the quarter came in at $202.7 million. Its revenue also jumped by 22.7% year-over-year to $3.19 billion. This shows that the company’s fundamentals are solid that will support the dividend growth going forward, making it a suitable option for college students.

Air Products and Chemicals, Inc. (NYSE:APD) currently pays a quarterly dividend of $1.62 per share, with a dividend yield of 2.37%, as of August 16. The company has raised its dividends for 40 years in a row and has a safe payout ratio of 62.6%.

In August, BMO Capital upgraded Air Products and Chemicals, Inc. (NYSE:APD) to Outperform with a $321 price target, appreciating the company’s improving profile in this uncertain market situation.

As per Insider Monkey’s Q1 2022 database, 39 hedge funds owned stakes in Air Products and Chemicals, Inc. (NYSE:APD), down from 40 a quarter earlier. These stakes hold a consolidated value of nearly $859 million.

Renaissance Technologies was the company’s leading shareholder in the first quarter.

ClearBridge Investments mentioned Air Products and Chemicals, Inc. (NYSE:APD) in its Q1 2022 investor letter. Here is what the firm has to say:

“While commodities-exposed areas of the materials sector such as mining and steel fared well in the quarter, we tend to have less direct exposure to commodities across our portfolio. Holdings like industrial gas company Air Products and Chemicals (NYSE:APD) faced sharp input cost escalation, driving meaningful margin compression, which was not well-received by investors. While negative in the short term, we remain confident that the company will be able to adjust pricing accordingly and recover margins over the medium term.”