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Good Stocks To Invest In Now? 3 Dividend Aristocrats Stocks For Your List

Check out these three dividend aristocrats in the stock market this week.

Dividend Aristocrats are a group of companies that have increased their dividend payments for at least 25 consecutive years. This accomplishment is a testament to the financial strength and stability of these businesses, and it provides income investors with a reliable source of cash flow. Dividend Aristocrats tend to be large, well-established companies with diverse product lines and global reach.

Many of these businesses are leaders in their respective industries, and they have demonstrated a commitment to shareholder value. As a result, Dividend Aristocrats offer both growth potential and income stability, making them an attractive investment option for many investors. Considering this, here are three top dividend stocks to watch in the stock market today.

Dividend Aristocrats Stocks To Watch Now

1. 3M Co. (MMM Stock)

Kicking us off, 3M Company (MMM) is an American multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window film, paint protection film, dental and more. As of today, MMM has an annual dividend yield of 4.67%.

Earlier this month, 3M announced its Board of Directors has declared its Q4 2022 quarterly dividend on common stock of $1.49 per share. As a result of this dividend, 3M has paid dividends to its shareholders for more than 100 years without any disruption.

Moving along, as of November 18, 2022, MMM has a PE ratio of 11.04. Meanwhile, in the last month of trading, shares of 3M stock have recovered 7.81%. As of Monday’s closing bell, MMM stock closed the day trading at $127.63 a share.

Source: TD Ameritrade TOS

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2. Cardinal Health (CAH Stock)

Next, let’s turn our attention to Cardinal Health (CAH). In brief, Cardinal Health is one of the largest providers of healthcare products and services. The company provides a broad range of products and services that meet the needs of healthcare providers and patients. For example, the company has a portfolio that includes medical supplies, pharmaceuticals, diagnostic testing, and lab equipment. Currently, CAH has an annual dividend yield of 2.55%.

Just this month, the company announced its Board of Directors approved a quarterly dividend of $0.4957 per common stock. In addition, the dividend will be payable on January 15, 2023, to shareholders of record at the close of business on January 3, 2023.

Also this month, Cardinal Health reported a beat for its Q1 2023 financial results. Specifically, Cardinal Health reported 1st quarter 2023 earnings of $1.20 per share, along with revenue of $49.6 billion.

Meanwhile, shares of CAH stock are up 49.43% so far year-to-date, outperforming the broader markets. On Monday, Cardinal Health stock closed the day flat, trading at $77.72 a share.

Source: TD Ameritrade TOS

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3. Abbott Laboratories (ABT Stock)

Topping off this list we have Abbott Laboratories (ABT). For starters, Abbot Laboratories is a global healthcare company. The company develops and manufactures a broad range of medical products, including diagnostic tests, medical devices, nutrition products, and branded generic pharmaceuticals. What’s more, the company currently offers its shareholders an annual dividend yield of 1.81%.

Last month, Abbott Laboratories reported better-than-expected Q3 2022 financial results. In the report, the company announced an EPS of $1.15 and revenue of $10.4 billion for the 3rd quarter of 2022. This is versus analysts’ consensus estimates for the quarter was an EPS of $0.90 and revenue estimates of $9.6 billion. Additionally, ABT said it expects FY 2022 earnings of $5.17 to $5.23 per share.

Separate from that, in the last month of trading Abbott Laboratories has rebounded 5.69%. Going into Tuesday morning’s trading session, shares of ABT stock are set to open at around $103.85 a share.

Source: TD Ameritrade TOS

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By Brandon Michael

Brandon Michael is a financial specialist and financial contributor to the stock market. He enjoys writing about rising stocks and how the market changes over time. He specializes in multimedia and events, as well as social media management and media contributing. He has managed and marketed hundreds of events, as well as grown social media pages upwards of 200,000 followers and everything in between. As an active social media influencer in the car community, he understands how to recognize trends and curate content for niches. From an early age, Brandon was fascinated by the power of social media and how it built companies and careers for many. Over time he has developed many different strategies for different platforms on how to grow different kinds of pages. In addition to social media skills, he is passionate about events, it is second nature to him to promote them and make sure that everything is executing perfectly. This has allowed him to partner with some of the largest companies in the industry to run events for hundreds of thousands of people. Brandon has written many articles for many notable top websites for the last 3 years. His focus in his writing is generally rising stocks and emerging trends in the stock market, as well as bringing companies with market potential to the frontlines of the media. It is easy for him to identify trends and do extensive research to make sure he’s providing the most accurate research possible. In his free time, he continues to improve his research skills and financial knowledge to continue providing the best work possible.

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