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 Market Cap ▾ Volume % (1D) % (1M) % (6M)
JNJ
Johnson Johnson
190.48
458.73B
2.97M
-0.14%
+6.96%
+25.52%
PG
Procter Gamble Co
147.52
345.27B
3.00M
-1.45%
-6.57%
-11.62%
KO
Coca Cola Co
66.56
286.43B
6.08M
-0.76%
-0.72%
-6.86%
Cisco Systems Inc
68.11
269.25B
5.51M
+0.23%
+2.35%
+18.78%
IBM
International Business Machines Corp
279.54
259.80B
1.27M
+0.63%
+10.31%
+18.72%
AXP
American Express Co
324.05
225.50B
602.42K
+2.39%
-0.45%
+28.95%
PEP
Pepsico Inc
147.88
202.46B
3.03M
-1.46%
+3.04%
+2.40%
Comcast Corp
29.66
109.21B
6.01M
+0.63%
-10.33%
-12.09%
BMY
Bristol Myers Squibb Co
43.55
88.63B
5.83M
-0.92%
-5.73%
-14.11%
MMM
3 M Co
151.97
80.94B
821.21K
+2.16%
-3.74%
+11.78%
MPC
Marathon Petroleum Corp
183.23
55.71B
340.62K
+1.30%
+1.65%
+48.46%
O
Realty Income Corp
58.72
53.69B
1.85M
+0.79%
-2.80%
+6.34%
Tractor Supply Co
55.07
29.18B
1.71M
+1.54%
-9.13%
+6.59%
HSY
Hershey Company
187.33
27.74B
553.44K
-2.40%
+1.36%
+13.20%
Skyworks Solutions Inc
71.70
10.64B
603.38K
+3.63%
-3.75%
+26.76%
 

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.