8 Unstoppable Dividend Stocks to Invest in

5. General Motors Company (NYSE:GM)

12-Month Return as of January 27: 53.8%

General Motors Company (NYSE:GM) ranks fifth on our list of the best unstoppable stocks to invest in. The American multinational automotive manufacturing company sells trucks, cars, and auto parts and provides software-enabled services and subscriptions. The company recently announced its decision to discontinue its Cruise subsidiary, which had been focused on developing self-driving taxis. Instead, the company will redirect its efforts toward creating fully autonomous vehicles for personal use. This move marks the end of a multi-billion-dollar initiative, leaving the market open for competitors like Tesla and Waymo. However, the shift is expected to save GM $1 billion annually.

Analysts suggest that abandoning the Cruise project will enable General Motors Company (NYSE:GM) to reorganize its research and technical teams. The expertise gained from Cruise’s development can now be leveraged to enhance driver assistance technology in personal vehicles. Hotchkis & Wiley Funds made the following comment about GM in its Q3 2024 investor letter:

“General Motors Company (NYSE:GM) is one of the world’s largest manufacturers of passenger vehicles. GM reported a strong Q2; however, management provided a cautious outlook for the second half of 2024. Comments from GM mirrored those of other OEMs and auto suppliers, leading investors to believe the automotive cycle has peaked. We believe this is an overreaction, and we continue to view GM as an attractive investment. We like GM for many reasons. First, we believe GM has leading market positions in its main business segments. Second, the valuation is extremely attractive. Finally, it is a strong free cash flow generator, and the management team is committed to repurchasing their undervalued shares.”

General Motors Company (NYSE:GM) is a strong dividend payer, distributing regular dividends to shareholders since 2014. The company currently offers a quarterly dividend of $0.12 per share and has a dividend yield of 0.87%, as of January 27.

Insider Monkey’s database of Q3 2024 indicated that 64 hedge funds held stakes in General Motors Company (NYSE:GM), compared with 72 in the previous quarter. These stakes have a consolidated value of over $3.8 billion.