Discover the top seven high-dividend stocks to consider in 2024, including Apple, Google, Home Depot, and more. These companies offer attractive yields and stable growth potential, making them ideal for investors seeking reliable income streams. The article highlights their financial health, recent profit growth, and dividend payout strategies, providing valuable insights for smart investment decisions in the upcoming year.
Dividends are regular payments made by companies to their shareholders, usually on a quarterly basis. Some investors receive dividends more often or in different forms, such as additional stock shares. Most dividends are distributed roughly every four months, either in cash or stock. Investors often seek good dividend yields for reliable income streams. However, it's essential to remember that not all stocks pay dividends.
Below are seven prominent dividend-paying companies:
Apple Inc.: Apple is a leader in dividends, offering around 2% yield, equating to about $2.28 annually per share. With an EPS near $8.58, their profits greatly exceed dividend payments. Consistent growth indicates potential for future dividend increases.
Google: While Google currently does not pay dividends, its rising net income and high EPS ($25.81) denote strong financial stability. With substantial cash reserves, Google may initiate dividend payouts as shareholder interest grows.
Home Depot: This home improvement retailer provides a dividend yield of approximately 2.2%, paying $2.78 per share annually. Their profits have increased from $5.3 billion five years ago to over $8 billion recently, strengthening their ability to distribute dividends.
Oak Tree Capital: Specializing in alternative investments, Oak Tree Capital offers a dividend yield of 5.6%. With over $20 billion in cash, they focus on distressed debt assets and offer attractive payouts.
Brookfield Infrastructure: With a 4.5% dividend yield, Brookfield invests in infrastructure such as roads, power grids, ports, and pipelines. Their steady growth and rising stock value suggest promising future dividends.
Diageo: As a global leader in beverages, Diageo operates in over 180 countries. It offers a 5% dividend yield, supported by a 14% sales increase and 28% profit growth, maintaining its status as a top UK dividend stock.
Total SE: This major French oil and gas company generates substantial dividends. With assets including oil fields, pipelines, and refineries, Total SE's income has risen to $25 billion, enabling a 5.1% dividend payout.