11 Best December Dividend Stocks To Buy

Published on November 30, 2023 at 3:56 am by Vardah Gill in Dividend Stocks, Hedge Funds, News

In this article, we discuss 11 best December dividend stocks to buy now. You can skip our detailed analysis of dividend stocks, their performance, and dividend capture strategy, and go directly to read 5 Best December Dividend Stocks To Buy.

The American economy has shown robust performance this year. In October, the Commerce Department revealed that the country’s GDP expanded by 4.9% over the third quarter. This growth rate marked the strongest quarterly increase in GDP in almost two years, reflecting a significant acceleration in economic activity within that period. However, some analysts are concerned that things might slow down. Chris Senyek, the chief investment strategist at Wolfe Research, mentioned that this year, the economy did better than expected but looking ahead, both his team and other experts predict a slowdown in the coming months for the U.S. economy.

Dividend stocks have become a cornerstone for many investors due to their unique appeal in generating consistent income. This consistent stream of cash is a big draw for investors who appreciate getting a slice of the company’s earnings on top of any potential growth in the stock’s value. It’s like having a steady paycheck while also having the opportunity for your investment to increase in worth. Income-focused strategies have encountered significant challenges throughout this year. Factors such as market volatility, economic shifts, or changes in investment landscapes might have made it harder for these strategies to deliver the anticipated levels of income or profits. In the third quarter, the total global dividends dropped by 0.9%, totaling $421.9 billion, as reported in the most recent Janus Henderson Global Dividend Index. In addition to this, The ProShares S&P 500 Dividend Aristocrats ETF, which represents a collection of stocks known for consistent dividend payments, has experienced a 0.82% return this year so far, factoring in the dividends earned. That stands in stark contrast to the 19.5% return seen in the broader market.

That said, dividends continue to show promise as we head into 2024, provided investors adopt the right strategies. According to Wolfe Research, investors should focus on dividend aristocrats, companies that have raised their dividends for 25 consecutive years or more. The firm also recommends investors steer clear of companies that might be at risk of reducing their dividend payments. Here are some comments from the firm from its recent research note:

“As the U.S. economy slows, we expect more defensive strategies to outperform the broader market. During economic slowdowns or recessionary environments, our favorite dividend-focused strategy is buying companies with a long record of consistently increasing dividends.”

Some of the best dividend stocks that have consistently raised their dividend include The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP). In addition to the dividend growth strategy, investors also favor the dividend capture strategy. It’s a popular way to get dividends by buying a stock right before the company pays out its dividend and then selling it shortly after. People are into this strategy because they aim to grab that dividend payment without holding onto the stock for a long time. It’s like a quick way to catch those dividends as they come and then move on to the next opportunity. Investors like it because it’s about snagging those dividend payments without committing to keeping the stock for the long haul. To learn more about this, readers can have a look at our article: Dividend Capture Strategy: 10 High Yield Stocks To Buy in November.

In this article, we will take a look at 11 prominent stocks that are trading ex-dividend in December.

Image by Steve Buissinne from Pixabay

Our Methodology:

The following list provides details on the dividend capture strategy, focusing on the selection of prominent dividend-paying stocks set to go ex-dividend in December 2023. The ex-dividend date marks the final day to buy a stock and qualify for its upcoming dividend. The list is ranked chronologically, with earlier dates appearing first and later dates following in order.

11. Analog Devices, Inc. (NASDAQ:ADI)

Ex-Dividend Date: December 1

Analog Devices, Inc. (NASDAQ:ADI) is an American semiconductor manufacturing company that caters to a wide range of industries, including automotive, communications, industrial, healthcare, and consumer electronics. On November 21, the company declared a quarterly dividend of $0.86 per share, which was in line with its previous dividend. Overall, it has been growing its dividends for 20 consecutive years. The stock has a dividend yield of 1.88%, as of November 29.

As of the close of Q3 2023, 64 hedge funds in Insider Monkey’s database reported having stakes in Analog Devices, Inc. (NASDAQ:ADI), compared with 65 in the previous quarter. The consolidated value of these stakes is over $4.56 billion. With over 4.4 million shares, Generation Investment Management was the company’s leading stakeholder in Q3.

10. Donaldson Company, Inc. (NYSE:DCI)

Ex-Dividend Date: December 4

Donaldson Company, Inc. (NYSE:DCI) is a Minnesota-based company that specializes in manufacturing filtration systems and solutions. In fiscal Q1 2024, the company reported an operating cash flow of over $138 million, up from $118 million in the same period last year. During the quarter, the company returned $30.2 million to shareholders through dividends, which makes DCI one of the best dividend stocks on our list.

Donaldson Company, Inc. (NYSE:DCI) currently offers a quarterly dividend of $0.25 per share, having raised it by 9% in May this year. Through this increase, the company took its dividend growth streak to 28 years. As of November 29, the stock has a dividend yield of 1.67%.

At the end of Q3 2023, 21 hedge funds tracked by Insider Monkey reported having stakes in Donaldson Company, Inc. (NYSE:DCI), down from 28 in the previous quarter. The total value of these stakes is over $222 million.

9. NVIDIA Corporation (NASDAQ:NVDA)

Ex-Dividend Date: December 5

NVIDIA Corporation (NASDAQ:NVDA) is an American tech company renowned for its expertise in designing and manufacturing graphics processing units (GPUs) and other computing technologies. The company does not maintain a dividend growth track record but has been making regular dividend payments since 2012. It currently pays a quarterly dividend of $0.04 per share and has a dividend yield of 0.03%, as of November 29.

In the third quarter of 2023, NVIDIA Corporation (NASDAQ:NVDA) reported revenue of $18.1 billion, which significantly grew by 205.6% from the same period last year. The company’s operating cash flow for the quarter came in at $7.33 billion, up from $392 million in the prior-year period. The stock will be going ex-dividend on December 5.

NVIDIA Corporation (NASDAQ:NVDA) was a part of 180 hedge fund portfolios at the end of Q3 2023, up from 175 in the preceding quarter, according to Insider Monkey’s database. The consolidated value of these stakes is roughly $30 billion. Among these hedge funds, GQG Partners was the company’s leading stakeholder in Q3.

8. Union Pacific Corporation (NYSE:UNP)

Ex-Dividend Date: December 5

Union Pacific Corporation (NYSE:UNP) is an American major transportation company primarily engaged in the railroad business. On November 28, the company announced a quarterly dividend of $1.30 per share, which was consistent with its previous dividend. It has been rewarding shareholders with growing dividends for the past 16 consecutive years. With a dividend yield of 2.35%, as of November 30, UNP is one of the best dividend stocks on our list.

The number of hedge funds in Insider Monkey’s database owning stakes in Union Pacific Corporation (NYSE:UNP) jumped to 90 in Q3 2023, from 84 in the previous quarter. The collective value of these stakes is more than $5.4 billion.

7. Harley-Davidson, Inc. (NYSE:HOG)

Ex-Dividend Date: December 8

Harley-Davidson, Inc. (NYSE:HOG) is a renowned manufacturer of motorcycles and related products. The company is known for its iconic, heavyweight motorcycles designed for cruising and touring. It generated revenue of over $1.55 billion, which beat analysts’ estimates by $190 million. During the quarter, the company paid $73 million to shareholders through dividends, which makes HOG one of the best dividend stocks on our list.

Harley-Davidson, Inc. (NYSE:HOG) offers a quarterly dividend of $0.165 per share and has a dividend yield of 2.20%, as of November 29.

At the end of September 2023, 26 hedge funds tracked by Insider Monkey reported owning stakes in Harley-Davidson, Inc. (NYSE:HOG), compared with 27 in the preceding quarter. The total value of these stakes is roughly $601 million. H Partners Management owned 11.8 million HOG shares, becoming the company’s largest stakeholder in Q3.

6. FedEx Corporation (NYSE:FDX)

Ex-Dividend Date: December 8

FedEx Corporation (NYSE:FDX) is a global logistics and delivery services company renowned for its extensive network in the transportation and shipping industry. The company’s quarterly payout stands at $1.26 per share and has a dividend yield of 1.98%, as recorded on November 29. It is one of the best dividend stocks on our list as the company has been growing its dividends for three consecutive years.

In fiscal Q1 2024, FedEx Corporation (NYSE:FDX) generated $21.6 billion in revenues, which fell by 6.72% from the same period last year. However, the company’s cash position remained strong as it had over $7.1 billion available in cash on hand.

FedEx Corporation (NYSE:FDX) was a part of 67 hedge fund portfolios at the end of Q3 2023, up from 62 a quarter earlier, according to Insider Monkey’s database. The stakes held by these hedge funds have a collective value of nearly $3 billion.

Click to continue reading and see 5 Best December Dividend Stocks To Buy.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on June 30, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $29.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up