Top dividend stocks for purchase in November according to Morningstar revealed
Investors seeking stable investments with a profit-sharing nature often turn to dividend stocks. These are typically associated with companies that share their profits with investors, offering a steady stream of income. Morningstar, an expert in analysing stocks and funds, has presented its top three dividend stocks to buy in November 2021.
While the specific recommendations for November 2021 are not currently available, Morningstar's focus on companies with disciplined dividend policies and stability remains consistent. Notable dividend stocks often highlighted include:
- Realty Income Corp – A real estate investment trust known for its monthly dividends and stable payout history.
- Chevron Corp – A leader in the energy sector with a strong dividend history.
- Kimberly-Clark Corp – A consumer defensive company with a reliable dividend payout.
Enbridge, a Canadian energy company, is another dividend stock worth considering. It has already gained over 12 percent since the beginning of the year and boasts a dividend yield of over 6.5 percent in its base currency. Moreover, Enbridge has increased its dividend for 29 consecutive years, a testament to its financial stability.
Another noteworthy dividend stock is Diageo, the world's largest spirits producer, known for brands like Guinness, Smirnoff Vodka, and Captain Morgan. Morningstar analysts believe the Diageo dividend could increase by around 14 percent by 2028, and the stock is currently trading at a 15 percent discount to its fair value. Diageo pays out 50 percent of its profits as dividends to its shareholders.
The Global Dividend Stars Index by BÖRSE ONLINE is another source for dividend stocks. Investors seeking a more comprehensive list of dividend stocks may find it beneficial to consult Morningstar's official archives or subscription reports from November 2021 for a precise list of Morningstar's top dividend picks specifically for that month.
Campbell Soup is another company whose stock is being recommended as a top dividend stock for November. With its strong market position and solid financial foundation, it offers a stable investment option for those seeking dividend stocks.
In conclusion, for investors seeking stable investments with a profit-sharing nature, dividend stocks can be an excellent choice. The stocks mentioned in this article, including Enbridge, Diageo, Realty Income Corp, Chevron Corp, and Kimberly-Clark Corp, are all worth considering. However, for a precise list of Morningstar’s top dividend picks specifically for November 2021, one might need to consult Morningstar’s official archives or subscription reports from that month.
Personal finance experts often advise investing in dividend stocks for a steady income stream. Some of these stocks, like Realty Income Corp, Chevron Corp, and Kimberly-Clark Corp, are regularly highlighted by analysts for their disciplined dividend policies and stability. Additionally, Enbridge and Diageo are noteworthy dividend stocks with promising returns and reliable payouts.
