NLCP - Dive Into Dividends: Top 10 Yield Stocks (SA Quant)

2024-04-23 07:00:00 ET

Summary

• Recent market downturn due to inflation, high rates, geopolitics, and commodity costs presents dividend stock buying opportunities for higher yields, growth stability, and an inflation hedge.
• Dividend payments worldwide and in the U.S. hit all-time highs in 2023, a year that ended with record levels of cash on corporate balance sheets.
• Using SA's Dividend Scorecard, the Quant Team picked 10 stocks with average forward yields ranging from 3.22% to 9.29% and consecutive payouts of up to 61 years.
• Each stock also has Strong Buy and/or Buy SA Quant Ratings, exhibiting solid collective growth, profitability, and momentum, and an average FWD yield of 5.40%.

In the past few weeks, there's been a downturn in the stock market. Factors like inflation worries, prolonged high interest rates, geopolitical issues, and increasing commodity costs have led to market fluctuations and weakness. Amidst this, it's a chance to purchase dividend-paying stocks at discounted rates and secure higher yields. Stocks with solid dividend growth can offer investors a steady flow of income and serve as a potential hedge against inflation and market volatility. Through the power of compounding, reinvesting dividends can significantly enhance the value of one's portfolio over time. The market environment is supportive of dividends , with record cash on corporate balance sheets and near record low payout ratios. At the end of 2023, the average payout ratio of the S&P 500 stood at 36.5% vs. a 97-year average of 56%, signaling substantial room for potential growth....

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