Top Dividend Stocks to Buy Now

Top Dividend Stocks to Buy Now

Thinking about investing in some stocks that pay a dividend? Dividend stocks can be a great investment. Not only can you make money if the stock price goes up, but they also provide you with some predictable income. 

So, if you’re ready to get into dividend stocks now, here are some great options you should want to consider. Keep in mind that these are just suggestions, it’s still important to do your own research about these stocks, and make sure that they are the best fit for you.

Top Dividend Stocks to Buy Now

Target (NYSE: TGT)

Throughout the years, Target has proved to be an excellent provider for people, and what they need. They have also grown their online and omnichannel sales in such incredible fashion. And the business has just exploded during the COVID pandemic with record shattering sales.

Target has given their investors 49 years of consecutive dividend raises. And their most recent one (in June of 2021) makes this stock an even more attractive dividend stock to own. The company increased the dividend over 32% to where it is now $0.90 per share. The dividend yield for Target is 1.5%.

Coca-Cola (NYSE:KO)

For generations, Coca-Cola has been the go-to when it comes to soft-drinks. And while it may seem like sugary soft-drinks are starting in a long-term decline, it’s also important to consider that Coca-Cola is a parent company to some of the most well-known brands that people love today. These brands include Smartwater bottled water brands, Simply juices, Powerade, Dasani, Vitaminwater, Honest Tea, Minute Maid, and the list goes on. 

Coca-Cola currently has a dividend of $0.42 per share and a dividend yield of 3.1%.

Johnson & Johnson (JNJ)

Yet again, Johnson & Johnson has proved to be a reliable dividend stock for investors. The health care giant has been the poster child for blue-chip stock for decades on end. Over the past five years, Johnson & Johnson’s quarterly stock buybacks have averaged $1.64 billion. 

J&J has a history of increasing their dividends over the years. The current dividend yield for the stock is 2.49%.

Verizon (NYSE:VZ)

Almost everyone knows about Verizon. The giant company has significantly less debt than their competitors. And that fact alone should be an appealing factor, and it is for many investors. The company is more focused on their core business.

Verizon’s dividend has been around $0.6275 per share for about a year now. Their dividend yield is 4.47%.

Microsoft (NASDAQ:MSFT)

Microsoft is easily one of the largest companies in the world. And for decades, the company has steadily increased their sales. This is a great and attractive factor for every dividend investor. In fact, they have a 19-year streak of dividend increases. Microsoft’s is staying focused on their recurring revenue resources.

Microsoft’s dividend is $0.56 per share per quarter and the yield is 0.83%.

Procter & Gamble (NYSE:PG)

What’s more exciting than Microsoft’s 19-year dividend increase streak? We’ve got the answer: Procter & Gamble’s 64-year streak. Procter & Gamble is a great safe bet when it comes to dividend stocks. They own a massive and highly-impressive portfolio of different product brands including Head & Shoulders, Tide, Pampers, Gillette, Crest, Charmin, Downy, and more. 

P&G has a $0.87 per share per quarter dividend and a yield of 2.57%.

Discover Financial Services (DFS)

For the second straight year, Discover Financial Services are at the top 15 dividend stocks list. The credit card company may be the smallest of the big four credit card companies (Visa, Mastercard, American Express), but this only means that they have more to gain. This fact simply gives them more market share on the table to capture. Out of the four giants Discover also pays the highest dividend. In fact, they have a 54% payout ratio.

DFS shares pay out $0.44 per quarter with a yield of 1.48%.

Mondelez International (MDLZ)

Mondelez International is one of the titans in the snack food industry. They are also one of the best dividend stocks to buy this year, and for many good reasons. The company is stable, which is highly attractive for dividend stocks investors. Their portfolio is also massive, including a wide variety of brands such as Tang powdered beverages, Oreo, Toblerone, Halls candies, Cadbury, Trident gum. 

Their quarterly dividend is $0.32 per share with a yield of 1.99%.