From Morningstar: 2024-06-14 07:39:00

Investors should look beyond high yields for the best dividend stocks. Morningstar suggests choosing durable dividends and undervalued stocks with competitive advantages and supportive management teams. Based on Morningstar Dividend Yield Focus Index, top cheap dividend stocks include Exxon Mobil, Verizon Communications, Johnson & Johnson, Comcast, Medtronic, Duke Energy, PNC Financial Services, Kinder Morgan, Devon Energy, and Dow. Exxon Mobil tops the list, trading below fair value with a 4-star rating. Verizon’s high yield and improving competitive balance make it a strong pick. Johnson & Johnson, a dividend aristocrat, offers solid cash flow and a wide economic moat. Comcast’s pricing power and steady growth make it a good choice. Medtronic, a key player in the medical devices industry, has a diversified portfolio and 46 consecutive years of dividend increases. Duke Energy benefits from a strong balance sheet and constructive regulatory environments. PNC Financial Services is well-positioned in the banking sector. Kinder Morgan’s US gas pipeline business and growth opportunities make it a solid choice. Devon Energy is cost-efficient with a strong balance sheet and variable dividend strategy. Dow, a leader in the chemicals industry, offers a competitive dividend yield.



Read more at Morningstar: The 10 Best US Dividend Stocks