January 2023 Stock Considerations

Competition has heated more than ever in almost every sector. As a result, it has become challenging to identify the best buy-and-hold dividend stocks in 2023. However, some companies have a strong business model in place, and thus they enjoy a meaningful business moat. In addition, they have proved resilient to recessions.

Despite boasting 41 consecutive quarters of dividend increases and currently trading with a hefty yield of 6.4%, Cogent Communications is not making a splash with investors.

Enbridge Inc. (ENB) is a Canadian energy infrastructure company that offers a high dividend yield of more than 6% at current prices. While its valuation is not the lowest in the midstream space, the valuation is still reasonable and justified by Enbridge’s higher-than-average quality.

Leggett & Platt may not be a well-known name, but it is likely that millions of consumers come in contact with the company’s products every day. Despite being under the radar, Leggett has increased its dividend for 51 years in a row, meaning it is a Dividend King.

The last time The Bank of Nova Scotia (BNS) cut its dividend was back in 1942, in the midst of World War 2.

V.F. Corporation (VFC) has an exceptional dividend growth record, with 50 consecutive years of dividend growth.

Mining stocks don’t really have a reputation for consistently paying substantial dividends due to the industry’s cyclical nature.

Few companies in the specialty chemicals industry have a history of paying consistent dividends over a long period of time.

New York Community Bancorp (NYCB) is currently offering a very attractive dividend yield of 7.4% while it is also trading at a low forward price-to-earnings ratio of 7.4.

Antero Midstream (AM) is currently offering a very attractive dividend yield of 8.1% while it is also trading at a forward price-to-distributable cash flow ratio of 7.3.

LyondellBasell Industries (LYB) is a U.S.-based chemicals and refining company that offers a high dividend yield of more than 5% at current prices.

AEP has a proven track record of strong growth, disciplined capital expenditure, and reliable earnings guidance.

A Vanguard stock fund is a type of mutual fund or ETF that invests in stocks, also known as equities. These funds are designed to provide investors with exposure to the stock market and the potential for capital appreciation.

NG has been building its reputation as an investment-grade company with stable revenue growth over the past few years. The key reasons to invest in NG may be its fundamental strengths, including a sound balance sheet, steady earnings growth, and modest payout ratios.

Entergy is trading at a significantly lower valuation than its competitors. As a result, the company is currently undervalued, and better to buy it. Read more.

Exelon Corp. ( EXC ) is getting a lot of attention these days, with analysts and investors trying to figure out if the company is worthy. Read more!

Constellation Energy is not recommended as a buy based on its current price, its negative margins, and its aging fleet of nuclear power plants.

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Utility stocks are often associated with long histories of paying dividends to shareholders. Their relatively predictable earnings and recession resistance combine to make increasing dividends somewhat easier over the long term than a business that is highly cyclical.

3 Recession Proof Stocks with Low Volatility. The world is experiencing a wide range of macro troubles right now.