Best Dividend Stocks to Buy in 2023

Here are some of the best dividend stocks to buy in 2023, based on a combination of factors including dividend yield, dividend growth history, and financial strength

Symbol Name Price (After Hoursafter-market) Market Cap ▾ Volume % (1D) % (1M) % (6M)
PG
Procter & Gamble Co.
167.50
395.32B
6.64M
+0.43%
-0.08%
+16.35%
JNJ
Johnson & Johnson
145.95
351.25B
5.29M
+0.28%
-5.62%
-5.94%
KO
Coca-Cola Co
62.62
269.76B
10.28M
+0.11%
-0.65%
+6.86%
PEP
PepsiCo Inc
166.14
228.41B
5.26M
+1.42%
-8.81%
-0.51%
Cisco Systems, Inc.
45.69
185.01B
15.91M
+0.02%
-5.15%
-8.38%
AXP
American Express Co.
228.27
164.20B
2.39M
+1.53%
-5.99%
+26.46%
IBM
International Business Machines Corp.
169.50
155.70B
3.17M
+0.17%
+0.28%
+4.48%
Comcast Corp
37.31
146.39B
29.64M
-0.35%
-4.99%
-16.12%
BMY
Bristol-Myers Squibb Co.
40.97
83.05B
18.01M
-0.56%
-6.95%
-19.49%
MPC
Marathon Petroleum Corp
171.73
60.51B
2.95M
+0.98%
-4.42%
+15.74%
MMM
3M Co.
100.53
55.63B
3.29M
-0.37%
-4.49%
-6.03%
O
Realty Income Corp.
53.07
46.21B
3.54M
-0.56%
-3.74%
-7.37%
HSY
Hershey Company
183.05
37.02B
1.63M
-2.10%
-11.59%
+0.74%
Tractor Supply Co.
289.55
31.22B
860.61K
+3.32%
+1.36%
+33.25%
Skyworks Solutions, Inc.
106.30
17.06B
2.22M
+1.85%
+13.54%
-5.59%
 

News and Discussions on those Stocks

  • Realty Income (O): A real estate investment trust (REIT) that owns a diversified portfolio of commercial properties. O has a dividend yield of over 4% and has increased its dividend for 28 consecutive years.

  • American Express (AXP): A financial services company that provides credit cards, travel services, and other financial products. AXP has a dividend yield of over 3% and has a long track record of increasing its dividend, even during economic downturns.

  • Tractor Supply Company (TSCO): A retailer of farm and ranch supplies, home improvement products, and pet supplies. TSCO has a dividend yield of over 3% and has increased its dividend for 10 consecutive years.

  • The Hershey Company (HSY): A leading manufacturer and distributor of chocolate and confectionery products. HSY has a dividend yield of over 2% and has increased its dividend for 13 consecutive years.

  • Bristol-Myers Squibb (BMY): BMY, a pharmaceutical company, offers a dividend yield of 2.77% and a 5-year dividend growth rate of 3.40%. Despite its dividend yield being slightly below the S&P 500 average, BMY exhibits robust financial strength, boasting a low debt-to-equity ratio of 0.29 and a current ratio of 1.85. Although its dividend growth rate lags behind some competitors, the company's financial stability positions it well for sustained dividend payouts and potential increases in the future.

  • Cisco Systems (CSCO): CSCO, a networking and telecommunications firm, presents a dividend yield of 3.16% and a 5-year dividend growth rate of 8.08%. Surpassing the S&P 500 average, CSCO's dividend yield is strong. With a debt-to-equity ratio of 0.36 and a current ratio of 1.75, the company showcases considerable financial stability. This strength underscores CSCO's ability to maintain and potentially enhance its dividend payouts over time.

  • Comcast (CMCSA): CMCSA, a provider of cable television, broadband, and streaming services, offers a dividend yield of 2.37% and a 5-year dividend growth rate of 10.75%. While its dividend yield falls below the S&P 500 average, CMCSA demonstrates good financial strength, indicated by a debt-to-equity ratio of 0.58 and a current ratio of 1.22. This financial stability positions the company well for ongoing dividend payments and potential increases.

  • Skyworks Solutions (SWKS): SWKS, a semiconductor company, delivers a dividend yield of 1.73% and a 5-year dividend growth rate of 13.00%. Though its dividend yield is below the S&P 500 average, SWKS maintains a solid financial position with a debt-to-equity ratio of 0.45 and a current ratio of 1.65. This financial stability supports SWKS in sustaining its dividend payouts and potentially increasing them in the future.

  • Marathon Petroleum (MPC): MPC, an oil and gas refiner and marketer, boasts a high dividend yield of 6.58% and a 5-year dividend growth rate of 5.40%. While its dividend yield exceeds the S&P 500 average, MPC's dividend growth rate is relatively lower. With an average financial strength, indicated by a debt-to-equity ratio of 1.10 and a current ratio of 1.25, MPC is well-positioned to maintain its dividend payments in the future.

  • International Business Machines (IBM): IBM, an information technology (IT) company, offers a dividend yield of 4.99% and a 5-year dividend growth rate of 6.40%. IBM's dividend yield surpasses the S&P 500 average, and its dividend growth rate is comparable to peers. With an average financial strength reflected in a debt-to-equity ratio of 0.85 and a current ratio of 1.40, IBM stands in a stable position to continue its dividend payments and potentially enhance them in the future.

  • Johnson & Johnson (JNJ): JNJ stands as a prominent healthcare entity with a diverse array of products and services. Boasting an impressive track record, the company has consistently elevated its dividend for 60 consecutive years. Presently, JNJ offers a dividend yield of 2.57%, slightly under the S&P 500 average. Despite this, its robust financial stability and extensive history of dividend growth render it a dependable choice for investors seeking reliable dividends.

  • 3M (MMM): MMM operates as a versatile manufacturing company, producing a wide range of items such as adhesives, tapes, abrasives, and medical devices. With an exceptional history of 65 consecutive years of dividend increases, MMM currently provides a dividend yield of 4.53%, surpassing the S&P 500 average. While its dividend growth rate has slowed recently, MMM maintains a strong financial standing, making it an attractive option for investors in search of consistent dividends.

  • Coca-Cola (KO): KO is a leading beverage company with a strong brand portfolio. KO has a long history of dividend growth, having increased its dividend for 60 consecutive years. KO's dividend yield is currently 2.86%, which is slightly below the average for the S&P 500. However, KO's strong financial strength rating and long history of dividend growth make it a good choice for investors looking for a reliable dividend stock.

  • PepsiCo (PEP): PEP operates as a leading player in the beverage and snack food sector. With an impressive record of 51 consecutive years of dividend growth, PEP currently offers a dividend yield of 2.73%, slightly below the S&P 500 average. Despite this, PEP's robust financial stability and extensive history of dividend growth position it as a reliable choice for investors looking for consistent dividends.

  • Procter & Gamble (PG): PG is a major consumer products company, boasting a diverse range of well-known brands such as Tide, Pampers, and Bounty. PG has a remarkable history of dividend growth, stretching over 66 consecutive years. Its current dividend yield of 2.68%, although slightly under the S&P 500 average, is complemented by PG's strong financial strength and enduring dividend growth, making it an attractive option for investors seeking dependable dividend stocks.