Top Dividend Stocks Available for Purchase in November, According to Morningstar
In the world of investing, the pursuit of stable returns often leads investors to dividend stocks. These stocks, known for their potential stability, strong market position, and solid financial footing, are a popular choice among investors. Today, we'll be discussing three such stocks that Morningstar analysts believe have a promising future - Campbell Soup, Enbridge, and Diageo.
Enbridge, a Canadian energy company, has been a consistent performer in the dividend arena. Not only has its stock gained over 12 percent since the beginning of the year, but it has also increased its dividend for an impressive 29 consecutive years. In its home currency, Enbridge's dividend yield currently stands at over 6.5 percent.
Campbell Soup, another dividend aristocrat, is a household name in the food industry. While it may not have seen the same level of growth as Enbridge this year, its consistent dividend growth and strong financial footing make it a contender for long-term investors.
Now, let's turn our attention to Diageo, the world's largest spirits producer. Known for brands like Guinness, Smirnoff Vodka, and Captain Morgan, Diageo pays out 50 percent of its profits as dividends to shareholders. Morningstar analysts predict the dividend for Diageo could increase by around 14 percent by 2028. Interestingly, Morningstar analysts also believe that the stock is currently trading at a 15 percent discount to its fair value.
Morningstar has identified these three stocks as the best dividend stocks to buy in November. For those interested in dividend stocks, the Global Dividend Stars Index offered by BÖRSE ONLINE could be a useful resource.
It's important to note that while this article provides insights into these stocks, direct access to Morningstar's archives or financial news sources reporting on their picks at the time would be necessary to confirm the exact November 2021 list of their top 3 dividend stocks.
In conclusion, Campbell Soup, Enbridge, and Diageo are three dividend stocks that have shown promise and could be worth considering for long-term investors. As always, it's essential to do thorough research and consider consulting a financial advisor before making any investment decisions.
Personal finance enthusiasts might find these dividend stocks interesting for their portfolios: Enbridge, a Canadian energy company, consistently performs well and has increased its dividend for 29 consecutive years. Furthermore, Diageo, the world's largest spirits producer, pays out half of its profits as dividends and could potentially increase its dividend by 14% by 2028.
