Discover the top seven dividend stocks to watch in 2024 that offer promising income opportunities. These companies, from technology to energy sectors, demonstrate strong profitability and consistent dividend growth potential. Ideal for investors seeking steady cash flow and long-term investment stability, these stocks provide a balanced mix of high yield and reliable earnings growth. Stay ahead by keeping these key stocks on your radar for sustained income generation in the upcoming year.

Seven Leading Dividend Stocks to Keep an Eye on in 2024

Dividend-paying stocks provide investors with regular income through periodic payments, typically quarterly. These dividends can be cash, additional shares, or stock bonuses. Not all stocks provide dividends, so selecting dependable income-generating assets is crucial for investors seeking steady returns. These stocks can enhance portfolio growth and supply reliable cash flow, making them essential for those prioritizing income investment strategies.

Consider these seven prominent dividend stocks for 2024:
• Apple Inc.: Apple offers a dividend yield near 2%, roughly $2.28 per share annually, supported by strong profitability with an EPS of about $8.58. Consistent earnings growth signals potential for future dividend hikes.

• Alphabet Inc. (Google): Though it currently retains earnings without paying dividends, Google's substantial net income and cash reserves suggest dividend payments could emerge soon, with an EPS of around $25.81.

• The Home Depot: The retail leader pays a dividend yield of approximately 2.2%, equal to $2.78 per share annually, with an EPS near $5.91. Its increasing profits support ongoing dividend growth.

• Oak Tree Capital: Known for distressed debt investments, Oak Tree offers a 5.6% dividend yield and maintains strong profitability with over $20 billion in cash reserves, making it appealing for income-focused investors.

• Brookfield Infrastructure Partners: This infrastructure-focused limited partnership provides a 4.5% yield, driven by steady growth and reliable cash flows from transportation and utilities projects.

• Diageo: The global alcohol giant offers a 5% dividend yield and a 2.5% stock yield, with sales rising by 14% and profit increasing by 28%, ensuring dividend stability worldwide.

• Total SE: As a major player in oil and gas, Total SE sustains a dividend rate of around 5.1%, with diversified operations across the globe and recent earnings growth supporting its attractive payouts.