Published on 24 Sep 2023 on Insider Monkey via Yahoo Finance
In this article, we discuss 15 dividend stocks to buy according to Reddit. You can skip our detailed analysis of dividend stocks and the role of retail investors in today's stock market, and go directly to read Dividend Stock Portfolio: 5 Stocks To Buy According to Reddit.
While tech stocks outperformed dividend stocks in the first half of the year, there's a shift happening now as investors are increasingly showing interest in dividend-paying investments. The tech-heavy NASDAQ has dropped by more than 4% this month as of September 20, suggesting that the strong performance of tech stocks may be slowing down, potentially opening up opportunities for dividend stocks. Additionally, the recent CPI report, which shows an increase in inflation during August, has redirected investors' focus towards dividend stocks because these investments can provide them with consistent income during volatile times.
Global dividend payments are also on track this year. A recent report by Janus Henderson revealed that companies worldwide are on course to pay investors a record-breaking $1.64 trillion in dividends for the year, showing over 6% increase in the second quarter. The report also indicated that 88% of global companies either raised or maintained their dividend payouts in the second quarter, resulting in a total of $568.1 billion in dividends paid out since the beginning of the year. The report further mentioned that in the US, 98% of the companies that were monitored either increased their dividend payments or kept them unchanged, a rate significantly higher than the global average.
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