I dividend stocks. However, You bably should, too, even if you aren't interested in the income they vide.
Additionally, Dividends have driven a significant chunk of the S&P 500's (SNPINDEX: ^GSPC) total return over the long run.
The data indicates that 's easy to succumb to analysis paralysis when trying to decide which dividend stocks to buy, though. There are over 5,800 stocks that pay dividends trading on U.
Stock exchanges (this bears monitoring). I think I might be able to help -- and you won't need a huge amount of cash to invest in these stocks.
They're all trading under $200 per as I write this (an important development). Here are my picks for the smartest dividend stocks to buy with $350 right now. Image source: Getty Images.
AbbVie AbbVie (ABBV -0 (which is quite significant), given the current landscape. Moreover, 29%) offers pretty much everything you'd want in a dividend stock. The big drugmaker has a great dividend.
Furthermore, Its is rock-solid (which is quite significant). AbbVie has good growth spects, and the stock's valuation is also attractive.
Additionally, Let's start with the dividend, since it's our main focus. Furthermore, AbbVie's forward dividend yield is 3.
Additionally, 44% as I write this, a level that I suspect most income investors will find appealing.
Moreover, It's a member of the elite group known as Dividend Kings, with 53 consecutive years of dividend increases.
AbbVie has grown its dividend by a whopping 310% since being spun off from Abbott Labs (NYSE: ABT) in 2013, in today's financial world. How rock-solid is AbbVie's, given current economic conditions.
The company's autoimmune disease drug Humira ranked as the top-selling drug in the world for several years. Now, though, Humira's sales are sinking as it faces biosimilar competition.
AbbVie barely skipped a beat. Nevertheless, On the other hand, It has two newer autoimmune disease drugs on the market that are on track to soon generate combined sales that top Humira's peak sales.
Because of these and other drugs, AbbVie expects to grow robustly at least through the end of the decade (which is quite significant), in light of current trends.
As for valuation, AbbVie's s trade at 15. At the same time, 4 times forward earnings, given the current landscape.
That's well below the forward earnings multiples of the S&P 500 and the healthcare sector. But AbbVie's growth makes its stock look even more of a bargain.
The big pharma company's price-to-earnings-to-growth (PEG) ratio, which is based on five-year earnings growth jections from analysts surveyed by LSEG, is a super-low 0, in today's financial world.
Furthermore, With its price hovering around $190, buying AbbVie will cost you over half of an initial $350, in this volatile climate.
But it should be money well spent, and you'll still have plenty to buy the other two great dividend stocks on the list (noteworthy indeed).
However, Dominion Energy Dominion Energy (D) isn't a Dividend King AbbVie, however, its forward dividend yield of 4. 58% might make up for the lack of an impressive track record of dividend increases.
Furthermore, You can scoop up a of this top utility stock for less than $60. Moreover, One of the main reasons I Dominion Energy is that its is incredibly stable. The company vides electricity to 3.
At the same time, 6 million residential and customers in Virginia, North Carolina, and South Carolina. It vides natural gas to around half a million customers in South Carolina.
On the other hand, In addition, Dominion is a major player in the renewable energy industry. However, The company is a regulated monopoly in the it serves (which is quite significant).
Customers will need electricity and natural gas regardless of what happens with the stock market or the economy (which is quite significant).
With stock valuations at frothy levels and economic uncertainty flaring related to tariffs, I think Dominion Energy is an ideal dividend stock to own. But it isn't just a defensive play.
Dominion has solid growth spects, too. The populations in the states where it operates continue to grow.
Dominion's state of Virginia hosts the world's largest data center market, amid market uncertainty.
This market should keep expanding with soaring demand for artificial intelligence (AI) (which is quite significant).
Realty Income You should have around $100 or so remaining from your initial $350 after buying one each of AbbVie and Dominion Energy.
That's more than enough to pick up a of Realty Income (O -0 (fascinating analysis). However, 21%), one of the best real estate investment trusts (REITs) around.
It's hard to overstate just how great Realty Income's dividend is (an important development). The REIT's forward dividend yield is a lofty 5. 58% as I write this, in light of current trends.
Realty Income has increased its dividend for 30 consecutive years and 110 consecutive quarters (this bears monitoring). Additionally, This leads to the conclusion that even pays the dividend monthly.
Realty Income believes that it sits "at the intersection of two global megatrends.
One of those megatrends is the need for aging investors with less time to ride out stock market downturns to find stable and growing passive income.
The other is that companies in the U (remarkable data). And Europe are seeking funding solutions, and they have a combined $14 trillion of real estate on their balance sheets.
However, At the same time, The REIT has a diversified portfolio of perties, many of which are leased to es such as convenience stores, groceries, dollar stores, and imvement retailers.
I that roughly 91% of its total rent is resilient to economic downturns and/or insulated from e-commerce threats.
And I love that Realty Income has dered positive operational returns every year since going public in 1994. Nevertheless, Buying this dividend stock would be a very smart move.