Best Dividend Contenders to Buy in 2021


Dividends have historically been a significant contributor to the S&P 500’s overall return. According to a new analysis by Dow Jones Indices, dividends accounted for nearly 33% of the monthly total return between 1926 and 2018. Microsoft Corporation (NASDAQ: MSFT) is a well-known example of a profitable dividend stock. Dividend contenders, as opposed to dividend kings or dividend champions, are a bigger list of safe dividend payers. On an annualized basis, high dividend equities have outperformed the S&P 500 by around 3%, according to Global X Management Company LLC.

Insider Monkey looks at the 10 best dividend contenders to buy in 2021. Intuit Inc. is ranked 10th. Keith Weiss of Morgan Stanley boosted his price objective on Intuit shares from $470 to $511 while maintaining his Overweight rating. JPMorgan Chase is ranked 9th. Consumer and community banking, business and investment banking, commercial banking, and asset and wealth management services are all offered by the company. It also provides services such as ATMs, online and mobile banking, and telephone banking. Mastercard Incorporated is ranked eighth. As of this July, Baird’s David Koning boosted the firm’s price estimate for Mastercard shares from $454 to $482. The COVID-19 vaccine from PfizerBiontech is ranked 7th on the list of the greatest dividend contenders to buy in 2021. The company is a biopharmaceutical company with a number of brands, including Vyndaqel/Vyndamax and BeneFIX, that it sells around the world. The Home Depot, Inc. is ranked sixth. Credit Suisse increased its price objective on The Home Depot’s stock from $319 to $330 in May. The firm’s Outperform rating was maintained by analysts. For more details, click 10 Best Dividend Contenders to Buy in 2021.