The 2 Best Dividend Stocks to Buy Now
What are the best dividend stocks to buy now?
This is a question I’ve been getting a lot lately, given the current state of the market.
Indeed, ensuring steady dividend income during times of market volatility is vital to the health of your portfolio. Which is why we’re sharing with you today, our …
2 Best Dividend Stocks to Buy Now
As I’ve mentioned in the past, the best stocks to own during times of economic uncertainty are those that operate in three specific sectors: healthcare, utilities, and consumer staples.
But let’s take that one step further, today, by identifying the stocks in two of those sectors that offer some of the best dividends, but are also trading at attractive levels.
The first is AbbVie (NYSE: ABBV).
Last week, ABBV released its Q1 results, which beat expectations with revenue increasing 8.4% to $13.34 billion. The company has a stellar pipeline, and just recently got into the obesity market with a sweetheart licensing deal that has AbbVie leading development and commercialization of a new obesity treatment from Danish biotech Gubra. It’s called GUB14295, and it’s a potential long-activating amylin analog designed to treat obesity.
There’s been a lot of enthusiasm from the medical community regarding GUB14295. So if this pans out, ABBV could be in a very unique position to profit from the $16 billion obesity treatment market.
AbbVie pays a 3.3% dividend, and the stock is currently undervalued by about 9%.
The second best dividend stock to own now is NextEra Energy (NYSE: NEE).
NextEra Energy owns Florida Power & LIght, which is the largest electric utility in the country. It also owns NextEra Energy Resources, which is the largest generator of renewable energy (from wind and solar), in the world.
Despite some economic headwinds in the U.S., NextEra’s backlog acceleration puts it in a unique position to weather today’s economic storm. That backlog, by the way, has grown from 19GW in 2022 to 28GW today. That’s a compound average growth rate of more than 18%. Not too shabby. It also doesn’t hurt that based on expected Q2 revenue coupled with this impressive backlog, the stock is currently undervalued by around 8%. NEE also offers a very generous 3.4% dividend.
In addition to owning a few shares of NEE and ABBV, there are also a variety of income strategy programs that are worth looking into. Like this one, for instance, which is earning some investors more than $1,600 in monthly income.
What makes this program particularly attractive is that it only takes about 15 minutes a month to lock in this kind of steady income, which is virtually unaffected by bear markets and other economic uncertainties. You can actually sign up for this program right now if you’re interested in getting in on some of this action.
Jeff
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