pwshub.com

10 Dividend Gems for Passive Income in April 2024

10 Dividend Gems for Passive Income in April 2024
10 Dividend Gems for Passive Income in April 2024

10 Prime Dividend Stocks for Passive Income in April 2024

For passive income seekers, dividend stocks offer a reliable stream of income. Motley Fool contributor Parkev Tatevosian has identified 10 exceptional dividend-paying companies that investors can consider adding to their portfolios in April 2024.

Top Dividend Picks

  1. AbbVie (ABBV): A pharmaceutical giant with a strong dividend yield of 4.7%.
  2. Altria Group (MO): A tobacco company with a consistent dividend history and a yield of 6.5%.
  3. Chevron (CVX): An energy major with a solid dividend yield of 4.1%.
  4. Home Depot (HD): A home improvement retailer with a dividend yield of 2.8%.
  5. Nike (NKE): A sportswear powerhouse with a dividend yield of 1.3%.
  6. Starbucks (SBUX): A global coffeehouse chain with a dividend yield of 2.7%.
  7. Target (TGT): A discount retailer with a dividend yield of 3.4%.
  8. Visa (V): A payment technology company with a dividend yield of 0.9%.
  9. Walt Disney (DIS): An entertainment and media giant with a dividend yield of 1.4%.
  10. Xylem (XYL): A water technology company with a dividend yield of 2.5%.

Considerations for Investors

When selecting dividend stocks, investors should consider the company's financial health, dividend growth potential, and the sustainability of its dividend payments. It's important to note that dividend yields can fluctuate depending on market conditions and company performance. Additionally, investors should diversify their portfolio to

newsid: i7wcjnd702dsaj1

Related stories
10 hours ago - Bill Ackman's investment in Alphabet and Chipotle highlights his belief in their growth potential due to strong fundamentals and consistent growth.
13 hours ago - TLT, a long-term bond ETF, offers potential returns in falling rate environments and hedging against recession but faces risks due to high interest rate expectations in 2024.
15 hours ago - VanEck Semiconductor ETF (SMH) offers diversified exposure to the growing semiconductor industry, driven by AI and global growth.
17 hours ago - Stanley Black & Decker's high dividend yield of 3.5% signals a turnaround as the company addresses past financial challenges.
18 hours ago - Dividend-paying stocks like Pfizer, Ares Capital, and AT&T can provide passive income that potentially grows over time with minimal effort.
Other stories
8 minutes ago - Keeping a small amount of cash in a brokerage account allows for seizing investment opportunities during market downturns.
41 minutes ago - China's economy grew 6.6% annually in the first quarter, driven by increased factory output and exports despite concerns over potential impacts on foreign markets.
41 minutes ago - H&R Block experienced technology outages on Monday, preventing last-minute tax filers from e-filing their returns.
41 minutes ago - American Airlines pilots' union reports a surge in safety concerns, including infrequent inspections and abbreviated test flights.
58 minutes ago - TSMC, a major AI chip producer, anticipates a 5% profit increase in the first quarter due to high demand.