Saturday, September 17, 2022

9 Dividend Aristocrat Stocks to Buy Now

Back on the subject of dividend stocks for those who prefer to diversify their portfolios for income, here are the latest recommendations from U.S. News Invested.  


SEPTEMBER 16, 2022

U.S. News & World Report

Invested

Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks slide amid an influx of economic data, and the No. 2 cryptocurrency enters a new era.

Highlights of today's newsletter include our market insights plus these new articles:

9 Dividend Aristocrat Stocks to Buy Now
7 Best Energy ETFs to Buy Now
7 Best Fidelity Mutual Funds to Buy and Hold
How to Open a Brokerage Account for Your Kids

TODAY'S FEATURED STOCK STORY

9 Dividend Aristocrat Stocks to Buy Now

South San Francisco, CA, USA - February 24, 2021: Closeup of AbbVie building corporate office, an American biopharmaceutical company with its headquarters in Lake Bluff, Illinois, USA

With persistent volatility in the stock market this year, it's hard for investors to know what they're going to get as they charge across the last months of 2022. Will we see rosy headlines and a rebound like we did in July? Or will we see continued uncertainty weigh on blue chips as we did in August? Consider looking beyond what's going on this second with your portfolio and take a longer view. The following nine "dividend aristocrats" are stocks that have an impressive track record of at least 25 consecutive years of rising dividends, along with big brands that are recognizable and dividend yields that are all 2.5% or higher:

AbbVie Inc. (ticker: ABBV). Spun off from Abbott Laboratories (ABT) in 2013, AbbVie isn't old enough as an independent company to make this list, but if you follow the pharmaceutical stock back to its parent, you get an amazing streak of 49 straight years of dividend increases. In the wake of a huge 2020 purchase of Allergan for $63 billion and continued success with the AbbVie product pipeline, there are predictions that AbbVie is set to become the largest pharma stock on the planet within the next five years. If that logic holds, it's an indication that the rich history of dividends at this company is likely to continue for some time.

Dividend yield: 4.0%

Caterpillar Inc. (CAT). A slightly more cyclical play than some of the defensive dividend aristocrats on this list, heavy machinery giant Caterpillar is still a pretty solid play for long-term investors. The $98 billion corporation is among the most respected manufacturers of construction equipment and mining gear and has deep relationships with customers that are unlikely to be disrupted in the long run, even if spending trends may wax and wane slightly. Caterpillar has paid higher dividends in each of the last 28 years.

Dividend yield: 2.6%

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9 dividend aristocrat stocks to buy now:

  • AbbVie Inc. (ABBV)
  • Caterpillar Inc. (CAT)
  • Chevron Corp. (CVX)
  • Clorox Co. (CLX)
  • Coca-Cola Co. (KO)
  • Colgate-Palmolive Co. (CL)
  • Johnson & Johnson (JNJ)
  • Procter & Gamble Co. (PG)
  • V.F. Corp. (VFC)

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