Trending
Stocks
  • MMM
    101.72 USD 2.71%
  • SP500
    4193.05 USD 0.02%
  • MSFT
    321.21 USD 0.89%
  • AMZN
    115.02 USD -1.07%
  • AAPL
    174.22 USD -0.55%
  • NFLX
    363.05 USD -0.64%
  • NVDA
    311.79 USD -0.28%
  • META
    248.34 USD 1.09%
  • BRKA
    501198.61 USD -1.19%
  • T
    16.38 USD 0.43%
  • ADBE
    372.09 USD 0.22%
  • TSLA
    188.89 USD 4.85%

Three dividend stocks you should consider for 2023

Higher interest rates are slowing down inflation along with the economy. The stock market may waver, but dividend stocks could save the day.

Overheated markets stopped rising, turning around at the beginning of 2022. Since then, tech stocks and other types of companies dropped sharply. They continue to struggle as the economic outlook worsensThis is why some investors are changing their positions from risky assets to safer ones, which could be bonds or dividend stocks. 

1.BHP Group Limited (BHP)

BHP is an Australian multinational company founded in 1885, with a focus on mining, metals, natural gas, petroleum, etc. It has been on the stock market for decades, delivering solid returns until it peaked at around $93 in 2011. It currently has a $157 billion market cap with colossal revenue. 

 Related article: Three safe stocks that grow their dividends in recessions

The company bottomed out in 2016 at $16.5 and hasn’t stopped rising since while delivering yearly dividends. Valuation measures show BHP Group is doing great, with P/E at 7.82, P/B showing a little overvaluation at 3.51, P/S at 2.42, and P/C at 8.81. The company is in a little debt, but no lights are flashing red. 

BHP stock chart, source: finviz.com

Actually, BHP offers its investors approximately a 10% dividend, 5% paid out twice a year. That could be a nice bonus in times of market turbulence. The company’s revenue has been continuously growing for the past few years, with earnings skyrocketing in 2022. If these numbers keep going, BHP may continue to rise and pay high dividends. 

Do you want to know more?

This article has a lot more to offer. Having an Investro registration allows you to read without any limitations. It's FREE and will only take few seconds.

Join us

Have you already registered? Sign in.

I got into financial markets by accident in 2012 and started with Forex trading. Later in 2017, I started investing in stocks in cryptocurrencies and began writing articles profess...

Comments

Post has no comment yet.

Want add your comment? Sign up or Sign in