Best Stocks for Dividend Income - 2024
Investing in stocks for dividend income is one of the most effective strategies to generate a steady cash flow, especially for those looking to build long-term wealth. These stocks come from companies that have a strong track record of paying reliable dividends, even in uncertain market conditions. Typically, they are large, well-established firms in sectors like consumer goods, healthcare, energy, and technology. What makes these stocks particularly appealing is their ability to provide consistent income while offering potential for capital appreciation. We’ll explore some of the best stocks for dividend income, highlighting why they are ideal choices for investors seeking financial stability and growth.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Altria | 6.86% | 66.57% | 9.56% | -28.35% | -2.72% | 5.06% | 7.63% |
| Exxon Mobil | 3.26% | 47.99% | 15.62% | 1.96% | 0.14% | 2.64% | 4.11% |
| AT&T | 4.79% | 90.45% | 18.42% | 1.63% | 0.09% | -11.11% | -4.72% |
| BP | 6.22% | 182.37% | 29.41% | 1.23% | 0.04% | -7.33% | -2.73% |
| Verizon | 6.03% | 114.26% | 19.10% | 1.94% | 0.10% | 2.02% | 2.37% |
| Chevron | 4.03% | 70.19% | 17.48% | 1.87% | 0.10% | 6.16% | 4.47% |
| TotalEnergies | 5.78% | 44.99% | 7.84% | 1.14% | 0.14% | 1.19% | -0.11% |
| AbbVie | 3.39% | 212.79% | 63.18% | 53.65% | 0.66% | 10.52% | 13.98% |
| IBM | 2.93% | 95.65% | 32.72% | 8.56% | 0.27% | 1.32% | 6.01% |
| Pfizer | 6.41% | 221.76% | 34.87% | 1.61% | 0.05% | 3.82% | 5.50% |
| GSK | 4.56% | 95.58% | 21.85% | 3.91% | 0.18% | -4.37% | -3.27% |
| Procter & Gamble | 2.21% | 66.12% | 29.50% | 8.15% | 0.29% | 5.63% | 4.67% |
| Coca-Cola | 3.03% | 78.28% | 26.54% | 10.42% | 0.40% | 3.36% | 5.09% |
| PepsiCo | 2.43% | 75.99% | 23.98% | 11.54% | 0.49% | 6.63% | 8.24% |
| McDonald's | 1.69% | 58.34% | 25.73% | -40.98% | -1.69% | 8.26% | 7.16% |
| Johnson & Johnson | 3.17% | 79.71% | 25.41% | 5.32% | 0.21% | 5.83% | 6.14% |
| Nestlé | 3.93% | 69.76% | 17.88% | 6.10% | 0.33% | 4.73% | 3.88% |
| Moelis & | 3.12% | 446.68% | 135.92% | 15.15% | 0.11% | -9.44% | 0.00% |
| Microsoft | 0.73% | 24.63% | 34.78% | 10.94% | 0.35% | 10.16% | 11.14% |
| Texas Instruments | 2.62% | 95.39% | 36.97% | 10.63% | 0.29% | 13.80% | 16.72% |
| 3M | 2.70% | 55.40% | 16.75% | 15.84% | 0.96% | 4.81% | 10.48% |
| JPMorgan Chase | 1.84% | 26.69% | 13.28% | 2.07% | 0.16% | 10.31% | 11.53% |
| AstraZeneca | 2.18% | 71.25% | 32.27% | 5.15% | 0.17% | 0.42% | -6.50% |
| Novartis | 7.14% | 43.31% | 12.09% | 4.91% | 0.41% | 5.40% | 4.35% |
| Intel | 1.56% | -13.32% | -6.47% | 1.04% | -0.15% | -9.22% | -1.94% |
| Kimberly-Clark | 3.47% | 62.10% | 17.94% | 36.40% | 2.38% | 3.37% | 3.83% |