15 Stocks to Invest in with Steady Dividends

10. McDonald’s Corporation (NYSE:MCD)

Upside Potential as of January 20: 14.8%

McDonald’s Corporation (NYSE:MCD) is an American multinational fast food company. It faced some challenges last year and analysts suggest that while the company has previously managed to pass increased costs onto customers, there is now more resistance, making growth less straightforward. In the quarter ending September 30, 2024, global comparable sales declined by 1.5%, and even in its primary US market, the growth was minimal at only 0.3%. To attract customers again, the company might need to adopt more competitive pricing strategies. However, while this approach could potentially drive sales, it could also lead to reduced margins and lower profits.

Despite the challenges, the company boasts a robust portfolio capable of withstanding various economic climates. McDonald’s Corporation (NYSE:MCD) continues to be a powerhouse in the fast-food sector, with more than 40,000 outlets in over 100 countries. Renowned for its signature menu and dedication to quality, convenience, and affordability, it has become a staple in households worldwide. Its emphasis on innovation through digital ordering, delivery services, and sustainability initiatives aligns with shifting consumer trends, reinforcing its position as a leader in the growing fast-food industry.

McDonald’s Corporation (NYSE:MCD) further solidifies its status as a solid investment through its reliable dividend, underscoring its financial strength and commitment to returning value to shareholders. The company has raised its payouts for 48 years and running, which makes it one of the best stocks with steady dividends. It offers a quarterly dividend of $1.77 per share and has a dividend yield of 2.53%, as of January 20.

As per Insider Monkey’s database of Q3 2024, 60 hedge funds held stakes in McDonald’s Corporation (NYSE:MCD), compared with 67 in the previous quarter. These stakes are worth over $2.37 billion in total. Among these hedge funds, Adage Capital Management was the company’s leading stakeholder in Q3.