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Top Dividend Stocks To Buy In June 2024? 2 In Focus

Dividend stocks to watch this month.

The stock market offers a platform for investors to buy shares in companies. Potentially earning profits through dividends. Dividend stocks pay regular income to shareholders, usually from the company’s profits. These stocks attract investors looking for steady cash flow in addition to capital appreciation.

One major advantage of investing in dividend stocks is the potential for regular income, which can be especially appealing during volatile or uncertain market conditions. Many dividend-paying companies are well-established and financially stable, which might provide lower risk compared to non-dividend-paying stocks. However, these stocks might offer slower growth compared to high-growth sectors like technology, where companies often reinvest earnings rather than pay dividends.

On the downside, dividend stocks can be affected by changes in company profitability and economic conditions. If a company’s profits decrease, it might reduce or eliminate its dividend, impacting investors relying on this income. Moreover, dividend stocks can underperform the broader market during strong economic growth phases when investors seek higher returns from growth stocks. Keeping this on top of mind, here are two dividend stocks to watch in the stock market today.

Dividend Stocks To Invest In [Or Avoid] Today

  • Church & Dwight Company Inc.  (NYSE: CHD)
  • International Business Machines Corporation (NYSE: IBM)

Church & Dwight Company (CHD Stock)

First up, Church & Dwight Company Inc. (CHD) is a producer of consumer products. In detail, the company manufactures and markets a wide range of personal care, household, and specialty products. Among its most popular brands are Arm & Hammer, which is famous for baking soda-based products, and other well-known names like OxiClean and Trojan. The company’s products cater to everyday needs, providing solutions from oral care to laundry detergents.

At the beginning of last month, Church & Dwight Company reported better-than-expected first-quarter 2024 financial results. In detail, the company posted Q1 2024 earnings of $0.96 per share, with revenue of $1.50 billion. This is compared to analysts’ consensus estimates for the quarter which were an earnings estimate of $0.86 per share, on revenue of $1.49 billion. Additionally, CHD offers it shareholders an annual dividend yield of 1.06%.

Meanwhile, year-to-date, shares of CHD stock have increased by 13.45% thus far. Moreover, during Tuesday morning’s pre-market trading session, Church & Dwight Company stock looks set to open at around $107.29 a share.

[Read More] Best AI Stocks To Buy Now? 2 For Your June 2024 Watchlist

International Business Machines

Coming in next, International Business Machines Corporation (IBM) is a global technology and consulting company. The company is popular for its high-value services and software, IBM also manufactures and markets computer hardware. In addition, IBM is a player in the development of advanced information technologies, including computer systems, software, networking systems, storage devices, and microelectronics. Today, IBM has an annual dividend yield of 4.04%.

Earlier this month, IBM announced a partnership with Palo Alto Networks to enhance AI-powered cybersecurity solutions. The collaboration focuses on integrating IBM’s security consulting services with Palo Alto Networks’ platforms. Additionally, IBM will sell certain QRadar SaaS assets to Palo Alto Networks for about $500 million, pending regulatory approval. This deal also includes the transition of QRadar SaaS clients to Palo Alto’s Cortex XSIAM platform, with support continuing for on-premise QRadar clients.

In 2024 so far, shares of IBM stock are up modestly by 2.34% YTD. While, during Tuesday’s pre-market trading session, International Business Machines stock is trading slightly lower by 0.17% at $165.00 per share.

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha,, and actively contributes to FactSet. At, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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