Best Inflation Proof Dividend Stocks - For High Returns in 2024
Inflation-proof dividend stocks are a smart investment choice, especially during times of rising prices and economic uncertainty. These stocks come from companies with strong fundamentals, pricing power, and the ability to maintain or increase their dividends even when inflation is high. Investing in inflation-proof dividend stocks helps preserve your purchasing power, providing a steady income stream while offering protection against the eroding effects of inflation. We’ll dive into a list of inflation-proof dividend stocks that have proven their resilience, making them great picks for investors looking to safeguard their portfolios and generate reliable income, no matter the economic climate.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| 3M | 2.78% | 55.40% | 16.29% | 15.41% | 0.96% | 4.81% | 10.48% |
| AbbVie | 3.58% | 212.79% | 59.88% | 50.84% | 0.66% | 10.52% | 13.98% |
| Aflac | 1.91% | 27.72% | 15.31% | 2.35% | 0.16% | 5.26% | 1.70% |
| Amcor | 4.93% | 94.93% | 19.09% | 3.75% | 0.20% | 2.25% | 0.00% |
| Essential Utilities | 3.26% | 62.44% | 19.49% | 1.72% | 0.09% | 6.99% | 5.55% |
| Archer-Daniels-Midland | 3.85% | 54.67% | 13.93% | 1.14% | 0.08% | 6.08% | 9.00% |
| AT&T | 4.70% | 90.45% | 18.79% | 1.66% | 0.09% | -11.11% | -4.72% |
| Atmos Energy | 2.33% | 47.27% | 20.48% | 1.76% | 0.09% | 8.85% | 7.86% |
| Becton Dickinson | 1.74% | 63.73% | 37.42% | 1.13% | 0.05% | 4.03% | 6.13% |
| Bristol-Myers Squibb | 4.09% | -66.20% | -16.40% | 6.95% | -0.36% | 7.34% | 2.62% |
| Campbell Soup | 3.44% | 81.13% | 23.25% | 3.33% | 0.14% | 1.12% | 9.41% |
| Cardinal Health | 1.70% | 39.27% | 22.72% | -8.76% | -0.38% | 1.10% | 5.38% |
| Caterpillar | 1.42% | 24.61% | 17.26% | 9.50% | 0.58% | 8.80% | 11.26% |
| Chevron | 4.24% | 70.19% | 16.61% | 1.77% | 0.10% | 6.16% | 4.47% |
| Chubb | 1.30% | 14.19% | 11.15% | 1.70% | 0.16% | 3.29% | 0.42% |
| Cincinnati Financial | 2.09% | 15.67% | 7.74% | 1.72% | 0.24% | 7.19% | 6.13% |
| Coca-Cola | 3.07% | 78.28% | 26.14% | 10.26% | 0.40% | 3.36% | 5.09% |
| Colgate-Palmolive | 2.12% | 56.15% | 26.63% | 175.65% | 8.21% | 2.85% | -0.36% |
| Conagra Brands | 4.96% | 135.38% | 27.32% | 1.55% | 0.06% | 9.86% | 3.12% |
| Consolidated Edison | 3.58% | 59.16% | 17.40% | 1.47% | 0.09% | 2.53% | 2.79% |
| Costco Wholesale | 1.97% | 114.19% | 57.97% | 17.96% | 0.33% | 53.71% | 31.73% |
| Duke Energy | 3.80% | 92.18% | 19.43% | 1.71% | 0.09% | 2.24% | 2.77% |
| Estée Lauder Companies | 2.91% | 468.47% | 141.79% | 5.66% | 0.04% | 10.95% | 13.56% |
| Exxon Mobil | 3.46% | 47.99% | 14.68% | 1.84% | 0.14% | 2.64% | 4.11% |
| Federal Realty Investment Trust | 3.83% | 124.95% | 32.65% | 3.08% | 0.10% | 1.44% | 3.69% |
| Fifth Third Bancorp | 3.05% | 52.29% | 14.25% | 1.52% | 0.11% | 12.94% | 11.21% |
| General Dynamics | 2.12% | 41.22% | 19.84% | 3.14% | 0.17% | 7.54% | 12.00% |
| General Mills | 3.57% | 56.29% | 15.56% | 4.03% | 0.26% | 2.89% | 4.76% |
| Genuine Parts | 3.30% | 50.06% | 15.51% | 3.59% | 0.24% | 5.70% | 5.86% |
| Hormel Foods | 3.41% | 76.39% | 22.58% | 2.27% | 0.10% | 7.96% | 4.93% |
| Hershey | 2.99% | 59.32% | 20.91% | 8.82% | 0.43% | 10.09% | 9.43% |
| Host Hotels & Resorts | 5.54% | 100.55% | 18.50% | 1.99% | 0.11% | 2.38% | 11.61% |
| Johnson & Johnson | 3.35% | 79.71% | 24.04% | 5.03% | 0.21% | 5.83% | 6.14% |
| Kimberly-Clark | 3.72% | 62.10% | 16.91% | 34.31% | 2.38% | 3.37% | 3.83% |
| Lockheed Martin | 2.58% | 45.66% | 17.60% | 16.32% | 0.99% | 8.18% | 9.78% |
| McDonald's | 2.29% | 58.34% | 25.78% | -41.06% | -1.69% | 8.26% | 7.16% |
| Medtronic | 3.37% | 84.54% | 24.67% | 2.18% | 0.09% | 13.50% | 9.60% |
| Altria | 7.21% | 66.57% | 9.09% | -26.97% | -2.72% | 5.06% | 7.63% |
| Microsoft | 0.69% | 24.63% | 36.73% | 11.55% | 0.35% | 10.16% | 11.14% |
| Realty Income | 5.65% | 291.48% | 54.78% | 1.25% | 0.02% | 3.00% | 3.46% |
| Omega Healthcare Investors | 6.83% | 192.12% | 28.50% | 2.36% | 0.09% | 0.30% | 3.72% |
| PepsiCo | 3.37% | 75.99% | 23.18% | 11.15% | 0.49% | 6.63% | 8.24% |
| Pfizer | 6.57% | 221.76% | 34.03% | 1.57% | 0.05% | 3.82% | 5.50% |
| Procter & Gamble | 2.32% | 66.12% | 28.15% | 7.77% | 0.29% | 5.63% | 4.67% |
| Philip Morris International | 4.15% | 82.53% | 20.03% | -20.31% | -0.96% | 2.74% | 3.68% |
| Phillips 66 | 3.67% | 55.42% | 15.20% | 1.78% | 0.11% | 6.26% | 12.21% |
| QUALCOMM | 2.11% | 36.35% | 17.43% | 6.73% | 0.41% | 5.33% | 9.25% |
| Sysco | 2.53% | 51.82% | 20.26% | 17.83% | 0.91% | 6.58% | 3.45% |
| Target | 3.30% | 46.70% | 14.21% | 4.29% | 0.31% | 11.59% | 10.68% |
| T. Rowe Price | 4.15% | 53.90% | 12.67% | 2.59% | 0.21% | 11.75% | 12.37% |
| Union Pacific | 2.25% | 48.15% | 21.51% | 8.61% | 0.42% | 11.19% | 5.80% |
| UPS | 5.06% | 95.08% | 19.38% | 6.51% | 0.33% | 12.23% | 10.08% |
| Verizon | 6.32% | 114.26% | 18.21% | 1.85% | 0.10% | 2.02% | 2.37% |
| Walgreens Boots Alliance | 11.30% | -14.59% | -0.89% | 0.73% | -0.53% | 2.71% | 4.99% |
| Walmart | 0.88% | 33.23% | 38.50% | 8.60% | 0.23% | 1.85% | 1.95% |
| Xcel Energy | 2.37% | 61.08% | 20.43% | 1.99% | 0.10% | 6.47% | 6.48% |
| Exxon Mobil | 3.46% | 47.99% | 14.68% | 1.84% | 0.14% | 2.64% | 4.11% |