7 Must-Own Dividend Stocks for Income Investors

Procter & Gamble (PG)

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The stock trades at a 24 P/E ratio and currently yields 2.50%. The corporation raises its dividend each year and increased its quarterly payout from $0.9133 per share to $0.9407 per share this year.

JPMorgan (JPM)

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The stock currently has a 3% dividend yield. The company opted against raising its dividend in 2022. However, JPMorgan raised its dividend from $1 per share to $1.05 per share in 2023.

Microsoft (MSFT)

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Microsoft can realistically maintain a 10% dividend hike each year for the next five years. That beats inflation and would result in a quarterly dividend payment of $1.208 per share.

Caterpillar (CAT)

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The recent drop presents an opportunity for investors to accumulate shares in a company that has gained more than 80% over the past five years. Shares trade at a 12 P/E ratio and have a 2.30% dividend yield.

Delta (DAL)

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Delta has recovered its market share, and yet shares only trade at roughly $31/share. There’s still a big gap between Delta’s pre-pandemic price and its current price.

Broadcom (AVGO)

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Broadcom currently has a $984.94 average price target which implies a 17% upside. The low price target of $900 still represents some upside, while the $1,050 high represents considerable gains if it comes to fruition.

Deere (DEE)

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Wall Street analysts are optimistic about shares and currently have an average price target of $441.03. That implies a 20% upside within one year.

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