The 5 Best Dividend Stocks Right Now

The best dividend stocks are ones that keep paying their dividends over time. When investors buy a stock for the dividend, they count on that dividend to get paid each quarter. It is essential for the investor since the dividend is a source of passive income.

The payment is a dividend and is a return of cash to shareholders. Most dividend stocks come from well-established companies with stable revenue and earnings.

5 Best Dividend Stocks Right Now

Verizon

Verizon’s stock price has struggled this year, and it is down about (-13.4%) year-to-date. This decline has driven the dividend yield up to more than approximately 5%. The quarterly dividend rate is $0.64 per share, and the annualized rate is $2.48 per share. Verizon’s dividend is secure, too, since the payout ratio is only about 48%. This ratio means that the likelihood of a dividend cut is low. In addition, it means they can raise the dividend in the future.

Microsoft

Microsoft is the second-largest company by market capitalization at over $2.58 trillion. This dollar value is more than the Gross Domestic Product (GDP) of many countries. Microsoft will continue to grow organically and through acquisitions. The company is in the habit of buying smaller tech companies adding to its portfolio of brands, products, and services.

Realty Income Corporation

Realty Income Corporation (O) is the only real estate investment trust (REIT) on this list. The trust owns more than 6,500 commercial properties. Additionally, Realty Income’s retail properties are not part of larger retail developments, like malls or town centers, but standalone properties.

Coca-Cola

Coca-Cola (KO) is one of the most well-known dividend stocks. Coca-Cola is the market leader in most of its segments. In addition, the market for many of its brands is mature. However, Coca-Cola should grow organically through brand extensions.

Consolidated Edison

For our last stock on this list of five stocks, we include a utility for diversification. Consolidated Edison (ED) is one of the oldest regulated utilities. The company is also a well-known dividend stock that has paid a dividend since 1885. Consolidated Edison’s market is mature but growing. As a regulated utility, the company has a monopoly in its service area.

Disclaimer: Dividend Power is not a licensed or registered investment adviser or broker/dealer. He is not providing you with individual investment advice. Please consult with a licensed investment professional before you invest your money.

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