20 Best Dividend Stocks - For High Returns in 2024
Investing in top dividend stocks is a proven way to generate steady income while benefiting from long-term growth. The stocks that make the top 20 list are from well-established companies that have a strong history of paying consistent, reliable dividends. These businesses operate in essential sectors such as consumer goods, healthcare, energy, and financial services, providing stability even in uncertain markets. We’ll explore the top 20 dividend stocks, highlighting why these companies are at the forefront of dividend investing and offer attractive opportunities for those looking to build a solid, income-generating portfolio.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Coca-Cola | 3.46% | 75.57% | 28.10% | 11.58% | 0.41% | 3.36% | 5.09% |
| PepsiCo | 3.78% | 75.99% | 25.63% | 12.33% | 0.49% | 6.63% | 8.24% |
| McDonald's | 2.65% | 56.79% | 27.23% | -46.89% | -1.73% | 8.26% | 7.16% |
| Altria | 9.95% | 67.28% | 8.47% | -28.52% | -2.69% | 5.06% | 7.63% |
| AbbVie | 4.11% | 201.82% | 62.54% | 49.26% | 0.57% | 10.52% | 13.98% |
| Merck & Co | 3.61% | 55.64% | 19.67% | 6.20% | 0.34% | 8.26% | 5.52% |
| Pfizer | 5.79% | -360.95% | -62.87% | 1.86% | -0.03% | 4.08% | 5.50% |
| Exxon Mobil | 3.15% | 45.65% | 15.25% | 1.94% | 0.16% | 2.64% | 4.11% |
| Chevron | 4.24% | 62.19% | 14.72% | 1.73% | 0.12% | 6.16% | 4.47% |
| Kimberly-Clark | 4.40% | 95.24% | 27.31% | 36.13% | 1.55% | 3.37% | 3.83% |
| General Mills | 4.31% | 56.29% | 16.11% | 4.17% | 0.26% | 2.89% | 4.76% |
| Hershey | 2.89% | 55.23% | 20.13% | 9.27% | 0.46% | 10.09% | 9.43% |
| Mondelez International | 2.45% | 57.16% | 24.28% | 3.46% | 0.14% | 11.03% | 9.23% |
| CVS Health | 5.85% | 45.29% | 9.93% | 0.95% | 0.10% | 3.89% | 10.40% |
| Southern | 3.05% | 65.44% | 22.13% | 3.14% | 0.14% | 3.16% | 3.28% |
| Duke Energy | 3.44% | 75.16% | 21.55% | 1.86% | 0.09% | 2.24% | 2.77% |
| American Electric Power | 3.51% | 69.60% | 20.12% | 2.03% | 0.10% | 5.90% | 5.62% |
| Waste Management | 1.75% | 46.07% | 33.29% | 11.36% | 0.36% | 8.52% | 6.73% |
| Visa | 0.73% | 21.48% | 29.80% | 14.33% | 0.48% | 16.27% | 3.01% |
| JPMorgan Chase | 2.05% | 19.89% | 11.92% | 1.85% | 0.16% | 10.31% | 11.53% |