Stock picks with highest dividends for November from Morningstar
In a recent analysis, Morningstar has recommended three dividend stocks for November, offering income investors attractive opportunities. While the exact top 3 individual stocks recommended by Morningstar in November 2021 are not explicitly listed, one strongly recommended dividend stock during this timeframe is Realty Income.
Realty Income, often referred to as "The Monthly Dividend Company," offers a forward dividend yield of 5.58%. With over 15,600 retail properties primarily leased on long-term triple-net leases, Realty Income boasts a low uncertainty rating and a steady rental income stream, making it one of the most dependable income stocks.
For broader dividend investment exposure, Morningstar suggests looking at dividend ETFs like the Invesco High Yield Equity Dividend Achievers ETF (PEY) and the WisdomTree Global High Dividend ETF (DEW). PEY, focused on high dividend yield stocks, holds major dividend-paying companies such as Walgreens Boots Alliance, Altria Group, and Verizon Communications. DEW, on the other hand, represents international dividend income opportunities with holdings like AbbVie, Coca-Cola, Altria, and Chevron.
Another dividend stock worth mentioning is Diageo, the world's largest spirits producer known for brands like Guinness, Smirnoff Vodka, and Captain Morgan. Morningstar recommends Diageo, and the stock is currently trading at a 15 percent discount to its fair value. Morningstar analysts believe the dividend from Diageo could increase by around 14 percent by 2028, with the company paying out 50 percent of its profits as dividends to its shareholders.
Campbell Soup is another stock included in Morningstar's recommendations, offering food products. It is also one of the stocks included in the Global Dividend Stars Index, another resource for dividend stocks provided by BÖRSE ONLINE.
Lastly, Enbridge, a Canadian energy company, is a standout with its dividend yield currently over 6.5 percent. Enbridge has increased its dividend for 29 consecutive years and has gained over 12 percent since the beginning of the year.
Morningstar is a provider of independent investment research, and their recommendations for dividend stocks are considered buy candidates for November. Dividend stocks are often seen as stable, with strong market positions and solid financial foundations, making them popular among many investors.
Personal finance enthusiasts might consider investing in Realty Income, a dependable income stock with a high dividend yield, as Morningstar recommends it for November due to its strong market position and low uncertainty rating. For individuals seeking broader dividend investment exposure, Morningstar suggests funding their portfolio with ETFs like PEY and DEW, which hold major dividend-paying companies such as Diageo, a top spirits producer with high potential for dividend growth.
