Best Inflation Proof Dividend Stocks - For High Returns in 2024

Inflation-proof dividend stocks are a smart investment choice, especially during times of rising prices and economic uncertainty. These stocks come from companies with strong fundamentals, pricing power, and the ability to maintain or increase their dividends even when inflation is high. Investing in inflation-proof dividend stocks helps preserve your purchasing power, providing a steady income stream while offering protection against the eroding effects of inflation. We’ll dive into a list of inflation-proof dividend stocks that have proven their resilience, making them great picks for investors looking to safeguard their portfolios and generate reliable income, no matter the economic climate.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
3M2.71%55.40%16.72%15.81%0.96%4.81%10.48%
AbbVie3.52%212.79%60.84%51.67%0.66%10.52%13.98%
Aflac1.86%27.72%15.78%2.42%0.16%5.26%1.70%
Amcor4.79%94.93%19.61%3.85%0.20%2.25%0.00%
Essential Utilities3.15%62.44%20.13%1.78%0.09%6.99%5.55%
Archer-Daniels-Midland3.77%54.67%14.21%1.16%0.08%6.08%9.00%
AT&T4.66%90.45%18.95%1.68%0.09%-11.11%-4.72%
Atmos Energy2.19%47.27%21.81%1.87%0.09%8.85%7.86%
Becton Dickinson1.69%63.73%37.83%1.14%0.05%4.03%6.13%
Bristol-Myers Squibb4.08%-66.20%-16.42%6.95%-0.36%7.34%2.62%
Campbell Soup3.47%81.13%23.06%3.31%0.14%1.12%9.41%
Cardinal Health1.64%39.27%23.63%-9.11%-0.38%1.10%5.38%
Caterpillar1.37%24.61%17.91%9.86%0.58%8.80%11.26%
Chevron4.09%70.19%17.20%1.84%0.10%6.16%4.47%
Chubb1.24%14.19%11.58%1.76%0.16%3.29%0.42%
Cincinnati Financial2.02%15.67%8.00%1.78%0.24%7.19%6.13%
Coca-Cola3.08%78.28%26.06%10.23%0.40%3.36%5.09%
Colgate-Palmolive2.08%56.15%27.10%178.77%8.21%2.85%-0.36%
Conagra Brands5.03%135.38%26.95%1.53%0.06%9.86%3.12%
Consolidated Edison3.44%59.16%18.12%1.53%0.09%2.53%2.79%
Costco Wholesale1.99%122.72%59.20%18.46%0.32%53.71%31.73%
Duke Energy3.63%92.18%20.36%1.79%0.09%2.24%2.77%
Estée Lauder Companies2.98%468.47%138.47%5.53%0.04%10.95%13.56%
Exxon Mobil3.35%47.99%15.20%1.91%0.14%2.64%4.11%
Federal Realty Investment Trust3.77%124.95%33.16%3.13%0.10%1.44%3.69%
Fifth Third Bancorp2.93%52.29%14.83%1.59%0.11%12.94%11.21%
General Dynamics2.03%41.22%20.75%3.29%0.17%7.54%12.00%
General Mills3.63%56.29%15.29%3.96%0.26%2.89%4.76%
Genuine Parts2.41%50.06%15.94%3.69%0.24%5.70%5.86%
Hormel Foods3.60%78.17%22.09%2.19%0.10%7.96%4.93%
Hershey3.14%59.32%19.92%8.40%0.43%10.09%9.43%
Host Hotels & Resorts5.70%100.55%17.99%1.93%0.11%2.38%11.61%
Johnson & Johnson3.28%79.71%24.51%5.13%0.21%5.83%6.14%
Kimberly-Clark3.50%62.10%17.79%36.09%2.38%3.37%3.83%
Lockheed Martin2.46%45.66%18.41%17.07%0.99%8.18%9.78%
McDonald's2.26%58.34%26.03%-41.46%-1.69%8.26%7.16%
Medtronic3.30%84.54%25.16%2.23%0.09%13.50%9.60%
Altria6.96%66.57%9.42%-27.95%-2.72%5.06%7.63%
Microsoft0.70%24.63%36.35%11.43%0.35%10.16%11.14%
Realty Income5.58%291.48%55.49%1.27%0.02%3.00%3.46%
Omega Healthcare Investors6.68%192.12%29.11%2.41%0.09%0.30%3.72%
PepsiCo2.48%75.99%23.55%11.33%0.49%6.63%8.24%
Pfizer6.54%221.76%34.19%1.58%0.05%3.82%5.50%
Procter & Gamble2.25%66.12%28.97%8.00%0.29%5.63%4.67%
Philip Morris International3.96%82.53%20.95%-21.25%-0.96%2.74%3.68%
Phillips 663.47%55.42%16.08%1.89%0.11%6.26%12.21%
QUALCOMM 2.09%36.35%17.63%6.81%0.41%5.33%9.25%
Sysco2.47%51.82%20.72%18.23%0.91%6.58%3.45%
Target3.44%46.70%13.64%4.12%0.31%11.59%10.68%
T. Rowe Price3.96%53.90%13.21%2.70%0.21%11.75%12.37%
Union Pacific2.23%48.15%21.48%8.60%0.42%11.19%5.80%
UPS5.11%95.08%19.21%6.46%0.33%12.23%10.08%
Verizon6.28%114.26%18.33%1.86%0.10%2.02%2.37%
Walgreens Boots Alliance11.04%-14.59%-0.91%0.75%-0.53%2.71%4.99%
Walmart0.85%33.23%38.93%8.69%0.23%1.85%1.95%
Xcel Energy2.28%61.08%21.25%2.07%0.10%6.47%6.48%
Exxon Mobil3.35%47.99%15.20%1.91%0.14%2.64%4.11%