Investing in dividend stocks can be a great way to generate long-term wealth. And while 2023’s market trends saw a shift towards tech stocks, US companies remained committed to rewarding their shareholders through dividends.
A new report from S&P Dow Jones Indices revealed that in 2023, S&P 500 companies set an annual record of $70.30 per share in dividend payouts to their investors, a significant increase from the previous year. Looking ahead to 2024, the report suggests that dividend payments will continue to increase for S&P 500 companies, indicating a continued commitment to supporting investors.
So, what are the best January dividend stocks to buy? Using a dividend capture strategy, we’ve identified 10 prominent dividend-paying stocks set to go ex-dividend in January 2024. By purchasing these stocks before their ex-dividend date, investors can qualify for the upcoming dividend payout and potentially capture additional gains.
Here are the 10 best January dividend stocks to buy:
- Lorillard ($LO) – Ex-dividend date: January 3, 2024
- The Southern Company ($SO) – Ex-dividend date: January 3, 2024
- Aflac ($AFL) – Ex-dividend date: January 11, 2024
- Valero Energy ($VLO) – Ex-dividend date: January 11, 2024
- Cummins ($CMI) – Ex-dividend date: January 15, 2024
- NextEra Energy ($NEE) – Ex-dividend date: January 16, 2024
- Honeywell International ($HON) – Ex-dividend date: January 24, 2024
- Genuine Parts Company ($GPC) – Ex-dividend date: January 24, 2024
- Cardinal Health ($CAH) – Ex-dividend date: January 30, 2024
- The Coca-Cola Company ($KO) – Ex-dividend date: January 30, 2024
When considering dividend stocks, it’s important to conduct thorough analysis and understand the long-term benefits of reinvesting dividends. Investors can potentially build substantial wealth over time by focusing on companies that consistently grow their dividends. While some investors pursue short-term profits through a dividend capture strategy, it’s important to note that this approach requires careful consideration and carries its own risks.
Deciding whether to invest in dividend stocks rests on the individual investor’s goals and risk tolerance. However, these 10 January dividend stocks may be worth considering for those seeking potential long-term gains through dividend payouts.
Source: https://finance.yahoo.com/news/10-best-january-dividend-stocks-085441263.html