Top Dividend Stocks for 2024

Good dividend stocks involves companies that not only provide attractive dividend yields but also exhibit strong financial health

Dividends

Selecting good dividend stocks requires a comprehensive evaluation of several key factors. Beyond simply assessing dividend yields, which indicate the percentage return on investment through dividends, it's crucial to delve into the company's overall financial health and growth prospects.

Companies with consistent and preferably increasing dividends often signal strong financial management and stability. Evaluating financial health involves scrutinizing metrics such as debt levels, cash flow stability, and profitability over time.

Moreover, growth potential assesses whether the company can sustain or even increase dividend payouts in the future through revenue growth, market position, and innovation in its industry.

By integrating these considerations, investors can identify dividend stocks that not only offer attractive yields but also promise long-term stability and potential for growth.

What stocks have the biggest dividends?

What are the best dividend stocks in 2024?

What dividend stocks are up in 2024?

What are good dividend stocks to buy?

Antero Midstream Corp

Chord Energy Corp

Dow Inc

Energy Transfer LP Unit

Frontline Plc

Golden Ocean Group Ltd

Hafnia Ltd

KT Corp

Pembina Pipeline Corp

Star Bulk Carriers Corp

Sunoco LP

Torm PLC

Western Midstream Partners LP

How do I pick good dividend stocks?

Selecting good dividend stocks involves looking for companies that not only provide attractive dividend yields but also exhibit strong financial health and growth potential.

To pick good dividend stocks, focus on companies meeting several key financial criteria. Look for a P/E ratio under 40 and a forward P/E under 30, indicating reasonable valuation and earnings expectations. Ensure the EPS growth this year is positive, showing profitability. A positive gross margin reflects efficiency and profitability in core operations. The P/S ratio should be under 10, suggesting the stock isn't overpriced relative to its sales. A current ratio over 1 indicates the company can cover its short-term liabilities. Target companies with a market cap over $2 billion for stability, and seek a dividend yield over 5% for substantial income. Finally, ensure the stock has performed well over the past year, demonstrating resilience and investor confidence.

Combining these metrics can help identify robust, income-generating stocks with potential for growth.

What stocks raised their dividends the most in 2024?

In 2024, several companies significantly raised their dividends, showcasing their financial health and commitment to shareholders. Apple Inc. (AAPL) led with a 15% increase. These increases highlight the importance of monitoring dividend changes as indicators of a company's stability and growth.

Apple's stock price rose 23% in 7 weeks from the time the alert was sent.

Stay ahead of such critical events with LevelFields. Our AI scans millions of documents and news items to detect impactful events. Our platform lets you choose proven scenarios from a range of event catalysts like activist investments, CEO changes, and regulatory actions. By analyzing historical price patterns, you can determine optimal trade points and customize strategies by industry and financial performance. With 24/7 alerts, you'll receive real-time notifications, keeping you informed and ready to act on impactful news.

Use AI to Find The Best Dividend Stocks

Stop buying stocks AFTER the price has already jumped! LevelFields AI finds the events that drive the share price moves and analyst upgrades.

LevelFields AI scours 6300 stocks 24/7 for events that catalyze share prices for just $19/mo.

Get ahead of the crowds. Join LevelFields today and start investing with an edge.

CEO Explains How LevelFields Works on Band of Traders Podcast

Listen to the full podcast on Apple and Spotify.

Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.

Free Trial: Signup for 1 Free Alert Per Week

Add your email to get alerts & the report.

Get 1 free alert per week via email

Upgrade if you want more or platform access

We'll also send you a free report

or Click Here to get full access now

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.