Best Dividend Stocks on Robinhood

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Having a well-diversified financial portfolio will help you get through these difficult times. Dividend investors had a tough time in 2020 when many corporations announced that they would no longer pay dividends. Some businesses continued to pay out dividends at a lower rate. After freezing trades for GameStop Corp. on Jan. 28, the stock trading app Robinhood was at the heart of the debate. Regardless of the controversy, individual investors that use Robinhood, online forums, and trading platforms are deserving of a lot of attention. Because of their outstanding fundamentals, dividend yields, and dividend history, these stocks are popular on Robinhood. The most popular dividend stocks, according to Robinhood’s leaderboard, are in the technology, cyclical products, healthcare, and cannabis areas. Altria Group, Inc., a cigarette maker, is an interesting dividend-paying company to consider. The corporation paid $2.4 billion for a 45 percent investment in Cronos Group Inc., a Canadian cannabis manufacturer, with the intention of profiting from the legalization of marijuana for recreational use in Canada. Exxon Mobil is looking for collaborators for its $100 billion carbon capture project in Houston, Texas. The stock of Exxon Mobil has gained by 40% in the last year. On Robinhood, Microsoft Corporation is one of the finest dividend stocks. In September 2020, the tech powerhouse announced a quarterly dividend of $0.56 per share. In the last 12 months, the stock has increased by 35%.

Insider Monkey gives the list of the 10 best dividend stocks on Robinhood. Constellation Brands, Inc. controls around 39% of Canopy Growth Corporation, a Canadian marijuana company. In April, the firm upped its quarterly dividend payout to $0.76 per share. STZ stock has increased by 46 percent in the last year. In the list of the top 10 dividend stocks on Robinhood, AT&T Inc. is ranked 9th. The telecom company is a dividend aristocrat, having increased its dividend for at least 25 years in a row. The Dallas-based firm provides telecommunications, technology, and media services to clients all over the world. The Coca-Cola Company is ranked 8th on Robinhood’s list of the greatest dividend stocks. The beverage company from Georgia has boosted its dividend for 59 years in a row. The corporation made $9 billion in revenue in the first quarter. For the bulk of the last 18 months, Pfizer Inc.’s dividend yield has been comfortably above 4%. The company now pays an annual dividend of $1.56 per share, with a yield of 3.90 percent. Pfizer’s stock has increased by 15% in the last three months. Exxon Mobil Corporation is ranked 6th on Robinhood’s list of the top dividend stocks. Exxon Mobil Corporation distributes a high-yielding dividend of $3.48 per share, which is paid once a year. The company’s stock has climbed by 45 percent in the last year. More details on this can be found in the article 10 Best Dividend Stocks on Robinhood.

 Best Dividend Stocks on Robinhood

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