3 top-ranked dividend stocks for February yielding as high as 8.6%
Morgan Stanley really likes these companies with a track record of raising dividends
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With high-flying growth stocks making all of the headlines, dividend stocks often get ignored.
But in a world of still-historically low-interest rates and the highest inflation in decades, a steady and increasing stream of dividends can help risk-averse investors sleep better at night.
You can jump on these dividend stocks even if you have just a little bit of savings, thanks to a new trading platform that lets you invest with nothing more than your spare change .
Healthy dividend stocks have the potential to:
Let’s take a look at three dividend stocks that Wall Street giant Morgan Stanley has given an overweight rating to.
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Morgan Stanley recently reiterated an overweight rating on Microsoft and raised the price target on the stock to US$364, about 17 per cent worth of upside from current levels.
Microsoft currently trades at around US$330 per share. But you can own a piece of the company using a popular stock trading app that allows you to buy fractions of shares with as much money as you are willing to spend.
Procter & Gamble (PG)
Procter & Gamble belongs to a group of companies often referred to as the Dividend Kings: publicly traded businesses with at least 50 consecutive years of dividend increases.
In fact, P&G makes the list with ease.
In April, the board of directors announced a 10 per cent increase to the quarterly payout, marking the company’s 65th consecutive annual dividend hike.
