The 5 Best Dividend Stocks to Buy Now
Plenty of stocks pay dividends. However, the best dividend stocks to buy now are the ones that offer a better-than-average payout. In addition to the stability to keep meeting investor expectations. As market conditions change, so do favorable dividend payers. The performance of each particular sector and the macroeconomic conditions shaping the market have a lot to do with the appeal of dividends for different companies.
Here’s a look at the five best dividend stocks to buy right now. And, in addition, why these equities are worth looking at closer if you’re rebalancing your portfolio in the direction of lucrative dividends.
The Best Dividend Stocks to Buy Now
5. ExxonMobil Corp. (NYSE: XOM)
If you’ve been paying attention to the markets this year, it should come as no surprise that ExxonMobil is one of the best dividend stocks to buy now. Not only is this oil and gas giant up more than 60% this year, the long-term outlook amidst a tumultuous oil and gas market will continue to send the stock price higher. Quarterly earnings growth is up more than 140%. And the company has a strong 15% EPS forecast for the next five years. All this bodes well for Exxon’s 3.99% dividend.
Exxon isn’t just an opportunistic dividend play during the current energy crisis. The company has a long history of prioritizing its dividend, and even maintained it in 2020, when oil prices plummeted. Exxon has also made it a priority to continue raising its dividend, in homage to its status as a Dividend Aristocrat. Exxon is a blue-chip investment any dividend-focused investor can feel good about making in 2022.
Keep reading for more on dividend stocks to buy now.
4. Suncor Energy Inc. (NYSE: SU)
As mentioned, now is a great time for dividend-paying energy stocks. Low-cost energy stocks are particularly appealing. Their potential for growth suggests a more valuable dividend opportunity. Such is the case for Suncor, which is up more than 100% from its recent lows in September 2021. It has a share price of ~$37 and a dividend payout of 3.53%. This makes it a great addition to your list of dividend stocks to buy now. And it’s an attractive stock for investors seeking a safe haven from a broad market downturn.
Suncor has the financials to back up its exciting dividend opportunity. Quarterly sales growth is up almost 70%. And healthy profit margins put the company in position to continue paying out its dividend. Its dividend payout ratio is slightly higher than the industry average. However, $30 billion in year-over-year sales give the company healthy cash flow enough to downplay any concern of a dividend cut. This is true even when energy markets inevitably right-size.
3. Main Street Capital Corp. (NYSE: MAIN)
While energy stocks are the current darlings of Wall Street, investors shouldn’t forget about the dividend potential of REITs. Few companies illustrate the power and potential of well-run REITs like Main Street Capital Corp. Its 6.39% dividend payout is attractive in and of itself. However, investors doing due diligence will find an extremely well-run enterprise behind it: one that ensures the long-term efficacy of the dividend, and its potential to grow.
MAIN is one of the best dividend stocks to buy now not only because of the surging real estate market, but because of its attractive P/E of 8.5. Its 47.5% dividend payout ratio is on the high side. However, it’s in no danger thanks to the company’s absolutely incredible operating margin (63%). While MAIN is down year-to-date, investors should see it as a buying opportunity. They should see it as a chance to hold one of the best dividend-paying stocks on the market.
Keep Reading This Article and Find Out the Top 2 Dividend Stocks to Buy Now
Enter your email below to read the reveal the top two dividend stocks.
You’ll also be opted in to receive our free daily e-letter, Investment U, where you’ll find expert investment insight, analysis and stock picks for all the best investment opportunities.
Nunc ut lorem quis urna auctor ornare quis in sem. Donec sodales viverra ante, et scelerisque libero iaculis sit amet. Phasellus fermentum vitae tellus quis suscipit. Ut bibendum aliquet odio, a venenatis augue fermentum at. Nunc fringilla dui lorem, congue blandit ex egestas in. Vestibulum dapibus orci ut felis consequat euismod. Sed pretium, risus vel blandit porttitor, diam diam sodales dui, in lobortis lorem ex vitae est. Nullam ac venenatis massa. Integer blandit, diam et fringilla semper, nulla dui suscipit urna, eget hendrerit quam ex rutrum tellus. Nam imperdiet, nibh nec mollis vulputate, felis ante posuere leo, at ultrices nulla neque vitae mi.Nunc ut lorem quis urna auctor ornare quis in sem. Donec sodales viverra ante, et scelerisque libero iaculis sit amet. Phasellus fermentum vitae tellus quis suscipit. Ut bibendum aliquet odio, a venenatis augue fermentum at. Nunc fringilla dui lorem, congue blandit ex egestas in. Vestibulum dapibus orci ut felis consequat euismod. Sed pretium, risus vel blandit porttitor, diam diam sodales dui, in lobortis lorem ex vitae est. Nullam ac venenatis massa. Integer blandit, diam et fringilla semper, nulla dui suscipit urna, eget hendrerit quam ex rutrum tellus. Nam imperdiet, nibh nec mollis vulputate, felis ante posuere leo, at ultrices nulla neque vitae mi.
Integer blandit, diam et fringilla semper, nulla dui suscipit urna, eget hendrerit quam ex rutrum tellus. Nam imperdiet, nibh nec mollis vulputate, felis ante posuere leo, at ultrices nulla neque vitae mi.Nunc ut lorem quis urna auctor ornare quis in sem. Donec sodales viverra ante, et scelerisque libero iaculis sit amet. Phasellus fermentum vitae tellus quis suscipit. Ut bibendum aliquet odio, a venenatis augue fermentum at. Nunc fringilla dui lorem, congue blandit ex egestas in. Vestibulum dapibus orci ut felis consequat euismod. Sed pretium, risus vel blandit porttitor, diam diam sodales dui, in lobortis lorem ex vitae est. Nullam ac venenatis massa. Integer blandit, diam et fringilla semper, nulla dui suscipit urna, eget hendrerit quam ex rutrum tellus. Nam imperdiet, nibh nec mollis vulputate, felis ante posuere leo, at ultrices nulla neque vitae mi.
Stay Updated on Dividend Stock Opportunities
Dividend-paying stocks are a value add to any portfolio that strives to create stability and revenue. The above equities are just a few of the best dividend stocks to buy now, and the list is always changing. Subscribe to an investment newsletter to stay in the loop on which dividend-payers are making a name for themselves in the current market as you strive to build the ultimate passive income portfolio.
