MSM - 3 Top Dividend Stocks That Could Deliver Record Payouts In 2024
2024-03-03 07:15:00 ET
Often, investors focus too much on a stock's yield instead of the reasons behind the yield. In the case of Apple (NASDAQ: AAPL) , its yield is low because its stock price has outpaced its dividend raises.
Air Products and Chemicals (NYSE: APD) and MSC Industrial Direct (NYSE: MSM) both yield over 3% and have rich histories of raising their dividends over time. But both stocks have underperformed the S&P 500 over the past five years.
Here's why we should see record-high payouts from all three companies this year and why each business has what it takes to continue rewarding shareholders in the future.
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3 Top Dividend Stocks That Could Deliver Record Payouts In 2024