Here's a list of the 5 Best Dividend Stocks to Buy Now, and hold throughout 2021, and Beyond!
Dividend stocks, when you chose them properly, allow for the generation of stable passive income, for as long as you hold them.
The most common technique among dividend investors is the Dividend Reinvestment Plan (DRIP). This technique involves the reinvestments of dividends received into the same stock, thus increasing your shares, at no extra cost to you. This is referred to video as a "meta-abusing" strategy, or, if you had a life in high school and/or college, an optimal strategy, increasing your returns with minimal effort on your part, the easiest strategy to implement successfully, when it comes to individual stock investing.
The criteria for stocks to make the list were:
Payout Ratio: a statistic indicating the safety of a stock's dividend.
Dividend Growth: The rate at which a company is increasing its dividend yield.
Sector: The sector in which the company operates, as well as the kind of products/services the company produces.
Earnings: The ability of the company to produce products that will stand the test of time.
Growth: The company's ability and potential to grow either through innovation or an increase in sales.
The list is made up of 4 Dividend Kinds, 2 of Warren Buffett's favorites, and a company that has had the highest growth among dividend stocks in 2020.
Hormel Foods (HRL) - Dividend King
Founded 1891
Years of Dividend Increases: 55
Annual Dividend Growth: 10%
Payout Ratio: 56%
3M (MMM) - Dividend King
Years of Dividend Increases: 58
Annual Dividend Growth: 10%
Paid a dividend for 100 consecutive years
Div. Yield: 3.41%
PR: 64.2%
Coca-Cola (KO) - Dividend King
Years of Dividend Increases: 58
Annual Dividend Growth Rate: 4.55%
Paid a dividend for 100 years
Div. Yield: 3.09%
PR: 77.73%
Johnson & Johnson (JNJ) - Dividend King
Years of Dividend Increases: 58
Annual Dividend Growth Rate: 5.98%
Div. Yield: 2.69%
PR: 46.54%
Apple (AAPL) - Dividend King
Years of Dividend Increases: 7
Annual Dividend Growth: 5.98%
Div. Yield: 0.67%
PR: 25%
For a full analysis check out the link above.
Disclaimer: I am not a Financial Advisor. When it comes to investing, always do your own research!