Invest in 3 topnotch stocks for a dividendbased lifestyle
Dividend investing remains a popular strategy that provides traders with a reliable path forward, regardless of their other stock market activities or daily jobs. These yields not only help increase one’s stock holdings through direct reinvesting but also play a significant role in many market strategies. For this reason, Finbold has analyzed the top three blue-chip companies to invest in for regular quarterly payments in 2024.
Chevron Corp (NYSE: CVX) is a standout choice in the oil industry, despite the ongoing green transformation. While fossil fuels may be on the decline as an energy source, they still play a crucial role in everyday life. Chevron, backed by Warren Buffett, is known for its strong track record and extensive global network of oil extraction plants. Although its performance in 2024 has been modest at just 3% growth, it offers a 4.23% annual dividend yield of approximately $1.63 per share each quarter. Analysts predict an average 21% upside in the next 12 months.
Apple (NASDAQ: AAPL), another Buffett-backed stock, may not offer the highest dividends with a 0.44% annual yield of $0.21 per share each quarter. However, it remains an attractive choice for savvy investors. Apple has a stellar track record and recently announced a partnership with OpenAI to integrate ChatGPT into its future operating systems. With the growth of other AI stocks in 2024, Apple is likely to provide significant returns along with decent dividends.
Walmart (NYSE: WMT) may not be the most exciting stock, but it consistently delivers exceptional returns. Despite not belonging to flashy sectors like AI or solar energy, Walmart shares have seen impressive growth of nearly 90% in the last five years and over 35% in the last 12 months. Additionally, Walmart has long been considered a reliable dividend pick, offering a 1.19% annual yield of $0.21 per share each quarter. With a current price of $69.98, analysts expect Walmart to rise to $73.85 in the next 12 months.
Investors should note that the content on this site is not investment advice and investing carries risks.
