Dividend Spotlight: 7/26/24

High-yield yet reliable blue-chip stocks can be an excellent choice for long-term investors looking for predictable income. They don’t necessarily get a lot of attention, since they tend to grow slowly. But if your primary concern is income over the long run, consider one of these three top dividend stocks.

Abbott Pharmaceuticals (NYSE: ABT)

Healthcare giant Abbott Pharmaceuticals is known as a Dividend King, which means that the company has raised its dividend payments every year for the past five decades. It’s incredibly diversified, with strong lines of business in everything from medical devices to nutrition, which keeps it relatively stable. Abbott’s yield is above average at 2.2%, making it a potentially great choice for investors seeking security.

Home Depot (NYSE: HD)

Home Depot is one of the biggest go-to solutions for consumers who need to do any sort of project around the house. It’s been experiencing a slowdown in growth recently, thanks to stubbornly high inflation, but the company is still in great shape. As interest rates cool and discretionary spending rises, Home Depot will likely be just fine. In fact, the company raised dividend payouts by 7.7% earlier this year, which is a sign of confidence. Now could be a great time to buy in, before it becomes a hot stock pick yet again.

JP Morgan Chase (NYSE: JPM)

Banks in general are in good shape right now, and major players are less likely than smaller banks to feel much effect from a potential future recession. This makes top bank JP Morgan Chase a relatively safe choice for investors. With revenue up by about 20% YOY, it’s doing quite well at the moment. The bank pays a healthy 2.2% dividend yield, and the board plans to bump payouts up a bit later this year. Banking may not be the most exciting industry, but those looking for long-term stability should definitely consider JP Morgan Chase.

Neither Lisa Fritscher nor Stocks.News have positions in any of these companies.