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The Best Dividend Paying Stocks in 2023

If you’re looking to make regular income for your investment, the best choice of the type of investment to go for is Dividend stocks. In the article, we will enlighten you on the list of high-dividend stocks and procedures you need to how to invest in the best dividend paying stocks.

What is High Dividend Paying Stocks

High dividend paying stocks or the highest dividend paying stocks are stocks that make a high volume of regular distribution to their shareholders which comes as cash payments. Investment in high dividend stock offers you high profits regularly and there is a wide range of high dividend stocks best for you.

What is Investing in Stocks? – How to Invest in Stock Market for Beginners

Dividend stocks are a suitable form of investment where you can earn regular insurance. It is more profitable to invest in the best dividend-paying stocks that offer you excellent wealth over the long term. Firstly, when investing in dividends, you need to be mindful of the dividend stocks you’re investing in as not all dividend stocks are good for investment which so many investors as not aware.

Every day, the company in which you invest offers investors a portion of their earnings (dividend stocks). For some American dividend stock payments are been set each quarter and for big companies, their payout increases over time. According to reports, companies that offer dividends seem to be well-reputable companies, so having a dividend stock off credibility to your portfolio.

Top Stocks to Buy for Beginners for 2022 Right Now

Different Between Dividend Stocks and Dividend Funds  

When investing in a dividend stock, you need to consider the difference between dividend stocks and dividend funds. These are the two types of ways in which investors can invest in dividend stocks. You can invest via mutual funds which include index funds or exchange-traded funds.

Dividend ETFs also known as index funds are a type of investment that offers an investor a portion of dividend stocks on one investment. They actually indicate that in just one transaction you eventually own a portfolio of dividend stocks. Afterward, you’ll receive your funds on a regular basis which signifies your income.

Dividend funds come with benefits that are on a variety of products. The concept behind dividend funds is that when one stock is held by the fund cuts or actually suspended, you can look up to another for income. Whether it be dividend stock or dividend funds, these are of great importance when it comes to increasing your wealth.

Top 25 Highest Dividend Stocks

CompanyDividend Yield
Altria Group (NYSE:MO)6.88%
Universal (NYSE:UVV)5.37%
Philip Morris International Inc (NYSE:PM)5.32%
ONEOK (NYSE:OKE)5.29%
LyondellBasell Industries NV (NYSE:LYB)4.39%
Phillips 66 (NYSE:PSX)4.25%
NorthWestern Corp (NYSE:NWE)4.16%
3M Co (NYSE:MMM)4.00%
Edison International (NYSE:EIX)3.99%
National Bankshares Ins (NYSE:NKSH)3.97%
Safety Insurance Group Inc (NYSE:SAFT)3.96%
ALLETE Inc. (NYSE:ALE)3.88%
Valero Energy Corp (NYSE:VLO)3.86%
Spire Inc (NYSE:SR)3.81%
Lamar Advertising Co (NYSE:LAMR)3.78%
Kimberly-Clark Corp (NYSE:KMB)3.77%
Chevron Crop (NYSE:CVX)3.48%
Principal Financial Group Inc (NYSE:PFG)3.48%
Digital Realty Trust Inc (NYSE:DLR)3.44%
Hasbro Inc. (NYSE:HAS)3.41%
Merck & Co Inc (NYSE:MRK)3.36%
Bank of Hawaii Corp (NYSE:BOH)3.33%
Omnicom Group (NYSE:OMC)3.29%
Evans Bancorp Inc (NYSE:EVBN)3.26%

What Dividend Aristocrats

A dividend aristocrat is a company found in the S&P 500 index that does not only offer you a consistent payment of dividend to its shareholders but yearly offers an increase in the size of its payout. For a company to be a dividend aristocrat. If for over 25 years it has increase or raise it dividends consistently. Here is a list of dividend aristocrats companies on S&P 500 stocks that have raised their dividends for 25 years consistently.

Highest Paying Dividend Aristocrat Stocks List

CompanySectorConsecutive Years of Dividend Growth
Dover (NYSE:DOV)Industrials66
Genuine Parts (NYSE:GPC)Consumer discretionary65
Procter & Gamble (NYSE:PG)Consumer staples65
Emerson Electric (NYSE:EMR)Industrials65
3M (NYSE:MMM)Industrials63
Coca-Cola (NYSE:KO)Consumer staples59
Colgate-Palmolive (NYSE:CL)Consumer staples59
Johnson & Johnson (NYSE:JNJ)Healthcare59
Hormel Foods (NYSE:HRL)Consumer staples56
Stanley Black & Decker (NYSE:SWK)Industrials54
Federal Realty Investment Trust (NYSE:FRT)Real estate54
Sysco (NYSE:SYY)Consumer staples52
Becton, Dickinson & Co. (NYSE:BDX)Healthcare50
Illinois Tool Works (NYSE:ITW)Industrials51
PPG Industries (NYSE:PPG)Materials50
Target (NYSE:TGT)Consumer discretionary50
W.W. Grainger (NYSE:GWW)Industrials50
AbbVie (NYSE:ABBV)Healthcare50
Abbott Laboratories (NYSE:ABT)Healthcare50
Kimberly-Clark (NYSE:KMB)Consumer staples50
PepsiCO (NASDAQ:PEP)Consume staples49

The post The Best Dividend Paying Stocks in 2023 appeared first on Mstwotoes.



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The Best Dividend Paying Stocks in 2023

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