Investing in dividend stocks can be a great way to generate passive income and grow your wealth over time. With the new year underway, many investors are looking for the best dividend stocks to invest in for 2023. In this article, we will be making recommendations for 5 of the best dividend stocks for 2023 based on their performance in 2022.
Johnson & Johnson (JNJ)
Johnson & Johnson is a multinational healthcare company that is headquartered in New Jersey, USA. In 2022, the company recorded strong financial results, including a 6% increase in revenue and a 12% increase in earnings per share. The company also declared a dividend of $1.01 per share, which was an increase of 4.1% from the previous year. With a strong track record of steady dividend growth and a diversified business portfolio, Johnson & Johnson is an excellent choice for dividend investors.
Microsoft Corporation (MSFT)
Microsoft Corporation is a technology giant that is headquartered in Redmond, USA. In 2022, the company recorded impressive financial results, including a 16% increase in revenue and a 21% increase in earnings per share. The company also declared a dividend of $0.56 per share, which was an increase of 5.3% from the previous year. With its dominant position in the technology industry and a commitment to returning value to shareholders, Microsoft is an excellent choice for dividend investors. Microsoft has been in the news lately due to their promising investments in AI as well, which could very well become another income stream and even be integrated with Bing.
Nestle SA (NSRGF)
Nestle SA is a Swiss multinational food and beverage company that is headquartered in Vevey, Switzerland. In 2022, the company recorded strong financial results, including a 4% increase in revenue and a 7% increase in earnings per share. The company also declared a dividend of CHF 2.30 per share, which was an increase of 2.2% from the previous year. With its well-known brand portfolio and commitment to returning value to shareholders, Nestle is an excellent choice for dividend investors.
Procter & Gamble Co (PG)
Procter & Gamble Co is an American multinational consumer goods company that is headquartered in Cincinnati, USA. In 2022, the company recorded strong financial results, including a 5% increase in revenue and a 9% increase in earnings per share. The company also declared a dividend of $0.7253 per share, which was an increase of 3.5% from the previous year. With its diversified product portfolio and commitment to returning value to shareholders, Procter & Gamble is an excellent choice for dividend investors.
Royal Dutch Shell plc (RDS.A)
Royal Dutch Shell plc is a Dutch multinational oil and gas company that is headquartered in The Hague, Netherlands. In 2022, the company recorded strong financial results, including a 12% increase in revenue and a 15% increase in earnings per share. The company also declared a dividend of $0.47 per share, which was an increase of 5.4% from the previous year. With its dominant position in the energy industry and a commitment to returning value to shareholders, Royal Dutch Shell is an excellent choice for dividend investors.
Conclusion
In conclusion, Johnson & Johnson, Microsoft Corporation, Nestle SA, Procter & Gamble Co, and Royal Dutch Shell plc are 5 of the best dividend stocks to invest in for 2023. These companies recorded strong financial results in 2022 and declared attractive dividends that are expected to grow in the coming years. As always, it is important to conduct your own research and consult with a financial advisor before making any investment decisions. But if you are looking to generate passive income and grow your wealth over time, these dividend stocks are definitely worth considering.
