What are the best dividend stocks in 2023?

The Procter & Gamble Company (NYSE: PG ), Colgate-Palmolive Company (NYSE: CL ), and PepsiCo, Inc. (NASDAQ: PEP) are some of the best dividend stocks that have raised their payouts for decades, becoming top choices for investors. In this article, we will discuss the top dividend stocks of 2023.

What are the top dividend payers in 2023?

In 2023, the top-performing dividend payers included NRG Energy NRG, Bloomin’ Brands BLMN, and Phillips 66 PSX. To find the top income-focused stocks for 2023, we screened the companies in the Morningstar Dividend Leaders Index, which tracks the performance of the 100 highest-yielding stocks from a broad basket of consistent dividend payers.

How did dividend leaders perform in 2023?

Data as of Jan 9, 2024. Both the dividend leaders and the wider dividend index underperformed the overall U.S. stock market, which gained 26.4% in 2023 as measured by the Morningstar US Market Index. Stocks from the Morningstar Dividend Leaders Index that rose the most in 2023. Source: Morningstar Direct. Data as of Dec. 31, 2023.