Top Dividend Stocks to Purchase in November: Morningstar's Generous Offering
Headline: Morningstar's Dividend Picks for November: A Closer Look
In the realm of dividend investing, Morningstar, a renowned financial research firm, consistently offers insightful recommendations. Here's a breakdown of some stocks that were highly regarded by Morningstar around November 2021, although a specific top 3 list for that month isn't explicitly available.
Dividend Aristocrats: Consistent Dividend Increases
Morningstar often recommends companies with a long history of increasing dividends, known as Dividend Aristocrats. These high-quality firms, such as the tech giants Microsoft Corp, UnitedHealth Group, and Apple Inc., are recognised for their solid dividend prospects and overall returns.
Financial Firms with Growth Potential
Financial firms like Blackstone are also highlighted due to their dividend yield and growth potential. However, it's important to note that these firms may exhibit some variability in their dividends.
Large-Cap Technology and Healthcare Stocks
Large-cap technology and healthcare stocks with dividend growth, such as Microsoft, Apple, and UnitedHealth, are often featured in Morningstar dividend-focused funds. These stocks offer a balance of growth potential and steady dividends.
Campbell Soup: A Solid Pick
Campbell Soup, a company with solid financial footing and known for sharing profits with shareholders, is being recommended for purchase in November. Morningstar analysts predict the Diageo dividend could increase by around 14 percent by 2028, making it an attractive option for income-focused investors.
Enbridge: A Canadian Energy Gem
For those seeking higher dividend yields, Enbridge, a Canadian energy company, could be of interest. With a current dividend yield of over 6.5 percent and a year-to-date gain of over 12 percent, Enbridge is worth considering. Moreover, the company has increased its dividend in Canadian dollars for 29 consecutive years, demonstrating a commitment to shareholders.
The Global Dividend Stars Index
Lastly, the Global Dividend Stars Index by BÖRSE ONLINE could also be of interest for investors who favour dividend stocks. This index tracks high-yielding, dividend-paying companies worldwide, offering another avenue for income-focused investors.
While a specific top 3 list for November 2021 isn't available, these recommendations represent core themes consistent with Morningstar's dividend investing philosophy from that general period. As always, it's essential for investors to conduct their own due diligence and consider their individual investment goals when making decisions.
- Morningstar's dividend picks for November often include Dividend Aristocrats, such as Microsoft Corp, UnitedHealth Group, and Apple Inc, which are recognized for their solid dividend prospects and overall returns.
- Personal-finance investors might consider financial firms like Blackstone, which exhibit dividend yield and growth potential, while seeking a balance between dividends and growth.
