Investing in dividend stocks can be a smart way to build wealth over time. If you’re looking for some affordable options to add to your portfolio in 2024, here are 10 of the best cheap dividend stocks to consider.
1. AT&T (T): With a dividend yield of around 5%, AT&T is a solid choice for income investors looking for steady returns.
2. AbbVie (ABBV): This pharmaceutical company offers a dividend yield of over 4% and has a strong track record of dividend growth.
3. IBM (IBM): IBM has a dividend yield of around 4% and is a well-established company in the technology sector.
4. Verizon (VZ): With a dividend yield of over 4%, Verizon is a reliable pick for investors seeking income stability.
5. Pfizer (PFE): This pharmaceutical giant offers a dividend yield of around 4% and is a staple in many dividend portfolios.
6. Coca-Cola (KO): Coca-Cola has a dividend yield of over 3% and is a classic dividend stock that has stood the test of time.
7. Johnson & Johnson (JNJ): With a dividend yield of around 3%, Johnson & Johnson is a dependable choice for dividend investors.
8. Procter & Gamble (PG): Procter & Gamble offers a dividend yield of over 3% and is known for its strong brand portfolio.
9. Exxon Mobil (XOM): Exxon Mobil has a dividend yield of around 5% and is a popular pick for investors seeking income from the energy sector.
10. PepsiCo (PEP): PepsiCo offers a dividend yield of over 3% and is a well-known consumer goods company with a solid dividend track record.
These 10 cheap dividend stocks can provide a steady stream of income for investors while also offering the potential for long-term growth. Consider adding some of these stocks to your portfolio in 2024 to help diversify your investments and build wealth over time.