Published on 9 Apr 2024 on Insider Monkey via Yahoo Finance

10 Unstoppable Dividend Stocks To Buy

In this article, we discuss 10 unstoppable dividend stocks to buy. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 Unstoppable Dividend Stocks To Buy. 

Dividend stocks faced a tough battle in 2023 to maintain their market position as tech stocks surged ahead. The S&P 500 Dividend Aristocrat Index, which seeks the performance of companies that have raised their payouts for 25 consecutive years or more, saw a 5.7% increase in 2023, compared with a 43% return of the tech-heavy NASDAQ index. However, amid market volatility, dividend investing is expected to make a comeback. Given that dividend payments from the S&P 500 surged to $588 billion in 2023, marking a 22% increase compared to three years ago, analysts are positive about this year’s dividend payments. In addition to this, as reported by The Economist, investors have allocated $316 billion into dividend-focused exchange-traded funds globally, nearly doubling their size in the past three years.

Analysts keeping tabs on dividend stocks has a lot more to do with Meta’s announcement of its first-ever dividend this year. While many dividend stocks have been consistently distributing dividends to their shareholders, the particular announcement about Meta was music to investors’ ears. The dividend notice led to a 20% surge in the stock’s share price, contributing nearly $200 billion to the company’s market cap on the day of the announcement. In addition to this, the company, having decreased its workforce by 22% in 2023, revealed intentions to conduct a $50 billion stock repurchase program. This move showed that the company possesses surplus funds, providing investors with a reason to stick around.