7 Best Dividend Stocks to Buy for 2024

The stock market jumped this year into a new bull market and that could mean years of returns left for investors. We're expecting interest rate cuts this year which could boost dividend stocks in real estate, utilities and consumer staples. I've found three more trends for 2024 and the seven dividend stocks I'm buying to get ready.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

[AllenNichol]

Right now, I'm just practicing financial prudence. Over the past 23 months, I've gained 47% of my money back in pure gains by DCAing into stocks, ETFs, dividends, and futures. But for the past month, I've been losing money. I'm a nervous wreck when it comes to investing because I work hard for my money. I'm not sure if I should sell everything, wait, or both.

[johnlennon]

How can you find out how a dividend will be taxed before you buy it? For instance a MLP will generate a K-1, some utilities i believe will only be taxed as ordinary income. If i wanted to prioritize stocks that paid a qualified dividend how do you identify that before you buy them?

[austinbar]

I would think that a major benefit of dividend investing is that calculating portfolio size needed is not relevant. We don't care about the value of the portfolio. We care about the sustainable income it pays. As you invest you can gradually see the income rise as you invest more and pull the retirement trigger when it's high enough regardless of the market sentiment.

[lucasanderson]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[Riggsnic_co]

Like Warren Buffet said, dividends are only good if the business you're investing into can't make good use of that capital. So, if you're trying to invest in businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they're returning capital to you because they think you can make better use if it than they can. It's not much different from bond investing. The way I see it, if you have a $1 million at some point, that'd be enough to create a portfolio that would pay you between 50k - 70k in dividend income.

[CrystalJoy-]

Rather of relying on penny stocks, I wish to diversify my assets by investing in ETFs/index funds/mutual funds and stocks of corporations with stable cash flows. I received $400k from the selling of my property. What should I do?

[Danuta]

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400, 000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

[bartosz]

My 2024 portfolio includes, CIBR, FTEC, SMH, and individual stocks like AMZN, GOOG, TSLA, SQ, PLTR, ROKU, QQQ, ARKK, & BRKB. I also have the FTEC Technology index, which has top two weights in MSFT & AAPL. All of these choices were directly influenced by Wealthwise Capital. Their insights have been crucial to my recent successes in the market.

[sohansingh-yjyh]

Thank you, Joseph, for all the videos you have done for us. Happy New Year to you and your family.

[amyc]

I love the Lithium theme. Thanks for so much great information.

[LeeParkchu]

Investing in individual stocks can be a lucrative strategy, but it requires careful consideration and research. Different stocks offer various growth potentials and risks. Some may provide steady dividends, while others focus on capital appreciation. It's essential to diversify your stock portfolio to mitigate risk. Consulting a financial advisor can help tailor a strategy based on your risk tolerance, investment goals, and market conditions.

[Not_Sure_]

Good afternoon Mr. Joseph. The M1 link is not working. Is the promotion over ?

[dkibs]

Just starting to get into stocks. If you buy low sell high for a profit but dont withdraw it and re invest it, are ypu still taxed?

[jeffmiller]

Is MPW still on your list with the hedge shorts and CEO apparently bailing?

[jonathanlane]

In the energy sector, I like duke energy They've been doing pretty well with the last few years. My dividence stocks are Verizon and AT&T

[robertforeman]

How do you think suppling the pending Amazon AWS center will affect Dominion Power? They are having to build a lot of new infrastructure to supply this center and getting into solar which I believe has a lower profit margin than their nuclear plants.

[Dev]

Would you mind doing a video about QQQY and JEPY? The dividend return on that seems a lil too good to be true. I’d love to have a in depth explanation on what they are from a professional like you 💪🏼

[dandeliongum]

serious question: are you worried about the next potential stock market crash? been seeing news that it’s set to happen next year but of course, no one really knows. how do you plan going into a potential crash?

[kaseywoody]

I like ConAgra but I'd substitute it out for General Mills. While ConAgra currently has a better P/E and Dividend. Their stock prices does have much room to grow past 10-20%. Compared to General Mills, which has plenty of room to grow. Both are great to own and buy, btw.

[pwatom]

FMC still on its way down over last few days 😔. Who are the competitors? Always good to look at the competition's numbers. Maybe there are changes going on. May be industry margins under pressure generally?