Dividends can be a great way to build some passive income on the side or to reinvest into other stocks in the future as your capital can be shifted around without having to sell any equities. It also allows peace of mind when the stock market is being volatile.
There are so many great dividend companies to choose from, but finding great dividend stocks that still have more dividend growth ahead is hard to come by.
So here are compelling candidates to potentially add to your dividend watchlist.
JPMorgan Chase (NYSE: JPM)
JP Morgan Chase is a financial services and banking company. These financial services have been given to governments, institutions, and other corporations worldwide which are constantly in need of a centralized entity to manage funds or securities, and distribute loans for growth.
What makes JPM Morgan a compelling dividend stock is their annual dividend of $3.60 or quarterly dividend of $0.90. This dividend has increased dramatically over the past 5 years and has shown a steady history of income to their shareholders.
This stock is great for you if you’re wanting long-term dividend growth and exposure to the banking industry. This is an industry that is not easily disrupted because of the large moats surrounding these financial institutions.
Johnson & Johnson (NYSE: JNJ)
Johnson & Johnson is a healthcare company with a wide range of products and solutions to match the needs of individuals. Their ecosystem of products allows for consistent, predictable revenue that makes shareholders feel comfortable.
This dividend is compelling, but you can be the judge of that. The annual dividend currently sits at $4.24 or $1.06 per quarter. This dividend has also been growing for over 58 years consecutively which means Johnson & Johnson is a dividend aristocrat. This is a phenomenal trait a company can have to prove they truly care about their shareholders.
Although dividend increase amounts are smaller, over time, this will make a prominent stand in many people’s dividend watchlist or maybe even a portfolio if you so choose. This is yet another example of an industry that is not easily disrupted, especially because of Johnson & Johnson’s diversified product line-up.
Qualcomm (NASDAQ: QCOM)
Qualcomm is the global leader in network equipment and consumer electronics to help people around the world communicate and connect wirelessly.
This one might come as a bit of a surprise considering they are a technology company that’s still positioned for growth, but Qualcomm does offer quite a tempting dividend.
The current annual dividend is $2.72 or a quarterly dividend of $0.68. What makes Qualcomm dividend so compelling is the dividend history over the past ten years. It has consistently grown with the company which shows that Qualcomm can not only innovate and expand but pay their shareholders as well in return.
For a technology company paying this high of a dividend should blow you away, after all, I was surprised. This is why Qualcomm has made this list of stocks to add to your watchlist, as it’s simply too good to pass up on.