Top 38 Stocks that Pay Dividends in January – 2024

Are you ready to boost your portfolio with dividend-paying stocks this January?

As the new year unfolds, maximizing your investment potential becomes paramount. Capitalizing on the stability and passive income of dividend-paying stocks could prove to be a lucrative strategy. 

By delving into stocks that offer regular payouts in January, you can fortify your portfolio and set a resilient foundation for the year ahead. 

Join us as we explore the promising landscape of dividend stocks and unveil valuable insights for successful investment planning.

Best Stocks that Pay Dividends in January

Automatic Data Processing (ADP)

ADP, renowned for its HR and payroll services, offers a stable dividend yield of 2.31%. With a reasonable payout ratio of 59.38%, ADP maintains a healthy balance between rewarding shareholders and retaining earnings for growth.

>> Automatic Data Processing Dividend History

Franklin Resources (BEN)

Franklin Resources boasts a noteworthy dividend yield of 5.33%. Despite a payout ratio of 74.38%, the company’s strong performance and commitment to shareholders make it an appealing prospect for dividend-seeking investors.

>> Franklin Resources Dividend History

Cardinal Health (CAH)

With a dividend yield of 2.20%, Cardinal Health appeals to investors seeking consistent income. However, its comparatively high payout ratio of 198.77% may raise some concerns about its ability to sustain such dividend levels.

>> Cardinal Health Dividend History

Chubb Limited (CB)

Chubb Limited offers a modest dividend yield of 1.61% and maintains a conservative payout ratio of 19.96%. Known for its insurance services, Chubb’s stable financial position makes it an attractive option for risk-conscious investors.

>> Chubb Limited Dividend History

Cincinnati Financial (CINF)

Boasting a 2.99% dividend yield, Cincinnati Financial showcases its commitment to rewarding shareholders. With a manageable payout ratio of 27.92%, the company positions itself as an appealing choice for those seeking a balance between income and growth.

>> Cincinnati Financial Dividend History

Ecolab (ECL)

Ecolab, known for its water, hygiene, and energy technologies, offers a conservative dividend yield of 1.33%. D>> STOCK Dividend Historyespite a payout ratio of 51.09%, the company’s focus on sustainability and innovation remains a significant draw for long-term investors.

>> Ecolab Dividend History

Essex Property Trust (ESS)

Essex Property Trust presents a compelling dividend yield of 4.40%. However, investors should consider its relatively high payout ratio of 112.02%, which might warrant closer scrutiny of the company’s financial performance and sustainability.

>> Essex Property Trust Dividend History

Medtronic (MDT)

Medtronic, a prominent player in the medical technology industry, boasts an attractive dividend yield of 3.94%. Despite a relatively high payout ratio of 100.74%, the company’s consistent performance and commitment to innovation make it a notable contender for investors seeking stability.

>> Medtronic Dividend History

Nordson Corporation (NDSN)

Nordson Corporation offers a modest dividend yield of 1.28%. With a conservative payout ratio of 29.95%, the company’s focus on precision dispensing equipment and technology solutions positions it as a potential long-term investment opportunity.

>> Nordson Corporation Dividend History

PepsiCo (PEP)

With a dividend yield of 2.98%, PepsiCo maintains a balanced approach to rewarding shareholders. Despite a payout ratio of 80.50%, the company’s robust brand portfolio and global presence continue to appeal to investors seeking both stability and growth potential.

>> PepsiCo Dividend History

Roper Technologies (ROP)

Roper Technologies offers a modest dividend yield of 0.56% with a conservative payout ratio of 23.64%. Its focus on high-margin, niche technology markets positions it as a potential option for investors seeking stability and long-term growth.

>> Roper Technologies Dividend History

Sysco Corporation (SYY)

Sysco Corporation, a leader in food distribution, boasts a substantial dividend yield of 3.05%. With a payout ratio of 56.77%, Sysco maintains a balance between rewarding shareholders and investing in its operational growth and development.

>> Sysco Corporation Dividend History

Walmart Inc. (WMT)

Walmart, a retail giant, presents a moderate dividend yield of 1.40%. Its reasonable payout ratio of 43.46% underscores its commitment to providing value to shareholders while continuing to expand and innovate within the retail industry.

>> Walmart Inc. Dividend History

Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific offers a conservative dividend yield of 0.32%. With a notably low payout ratio of 8.85%, the company continues to prioritize reinvesting in its operations and research and development initiatives to drive future growth and innovation.

>> Thermo Fisher Scientific Dividend History

New Germany Fund (GF)

The New Germany Fund provides a modest dividend yield of 0.76%. With a conservative payout ratio of 4.89%, the fund remains focused on delivering consistent returns to its investors through a well-diversified portfolio of German securities.

Marvell Technology (MRVL)

Marvell Technology offers a modest dividend yield of 0.51%. Its prudent payout ratio of 11.01% underscores the company’s commitment to reinvesting in its business, innovation, and strategic acquisitions to fuel future growth and market expansion.

>> Marvell Technology Dividend History

Intuit Inc. (INTU)

Intuit does not currently offer a significant dividend yield (0.19%) but this has potential to grow.

>> Intuit Inc. Dividend History

Micron Technology (MU)

Micron Technology offers a conservative dividend yield of 0.70%. With a moderate payout ratio of 31.56%, the company maintains a balance between rewarding shareholders and investing in its technological advancements and product innovation within the semiconductor industry.

>> Micron Technology Dividend History

Humana Inc. (HUM)

Humana Inc., a leading healthcare company, presents a modest dividend yield of 0.68%. With a prudent payout ratio of 12.46%, Humana continues to prioritize investments in healthcare solutions and initiatives to drive sustainable growth and deliver value to its stakeholders.

>> Humana Inc. Dividend History

Agilent Technologies (A)

Agilent Technologies offers a conservative dividend yield of 0.89%. With a reasonable payout ratio of 23.17%, the company remains committed to driving innovation and growth in the life sciences, diagnostics, and applied chemical markets through strategic investments and research and development initiatives.

>> Agilent Technologies Dividend History

Medalist Diversified REIT (MDRR)

Medalist Diversified REIT offers an impressive dividend yield of 5.57%. The company seems to prioritize reinvesting profits into real estate properties, aiming for sustained growth and increased long-term value for investors.

>> Medalist Diversified REIT Dividend History

Aecom (ACM)

Aecom, a prominent player in the infrastructure consulting industry, provides a moderate dividend yield of 0.95%. With a payout ratio of 49.64%, the company remains focused on balancing dividend distribution with strategic investments in its business expansion and development.

>> Aecom Dividend History

Marriott International (MAR)

Marriott International presents a modest dividend yield of 1.11%. Its conservative payout ratio of 18.31% reflects the company’s commitment to maintaining financial stability while continuing to expand its global footprint and deliver premium hospitality services.

>> Marriott International Dividend History

Toll Brothers (TOL)

Toll Brothers, a leading luxury homebuilder, offers a reasonable dividend yield of 1.21%. With a low payout ratio of 5.95%, the company emphasizes reinvesting in its business operations and land development to drive sustainable growth and maintain its market leadership.

>> Toll Brothers Dividend History

Ross Stores (ROST)

Ross Stores provides a stable dividend yield of 1.17%. With a moderate payout ratio of 27.39%, the company continues to focus on providing value to shareholders while strategically expanding its retail footprint and delivering quality products at competitive prices.

>> Ross Stores Dividend History

Motorola Solutions (MSI)

Motorola Solutions offers a moderate dividend yield of 1.27%. Its prudent payout ratio of 38.93% highlights the company’s dedication to driving innovation and growth in the mission-critical communications and analytics industry through strategic investments and technological advancements.

>> Motorola SolutionsDividend History

Permian Basin Royalty Trust (PBT)

Permian Basin Royalty Trust offers an attractive dividend yield of 2.29%. With a high payout ratio of 99.66%, the trust primarily focuses on distributing a significant portion of its revenue from oil and gas royalties to its investors, reflecting its commitment to providing regular income.

>> Permian Basin Royalty Trust Dividend History

Royal Gold (RGLD)

Royal Gold presents a moderate dividend yield of 1.41%. Its prudent payout ratio of 42.39% underscores the company’s commitment to balancing dividend distributions with investments in expanding its precious metals royalty and streaming portfolio for long-term sustainable growth.

>> Royal Gold Dividend History

Lincoln Electric (LECO)

Lincoln Electric offers a solid dividend yield of 1.63%. With a reasonable payout ratio of 29.98%, the company remains focused on rewarding shareholders while continuing to invest in research and development, product innovation, and strategic acquisitions within the welding and cutting solutions industry.

>> Lincoln Electric Dividend History

Nike, Inc. (NKE)

Nike, Inc. provides a modest dividend yield of 1.34%. With a moderate payout ratio of 41.98%, the company emphasizes balancing dividend distributions with strategic investments in product innovation, brand development, and global market expansion within the athletic footwear and apparel industry.

>> Nike, Inc. Dividend History

Republic Services, Inc. (RSG)

Republic Services offers a stable dividend yield of 1.45%. With a moderate payout ratio of 39.15%, the company demonstrates its commitment to rewarding shareholders while continuing to invest in its waste management services and sustainable environmental solutions.

>> Republic Services, Inc Dividend History

Advance Auto Parts, Inc. (AAP)

Advance Auto Parts provides a noteworthy dividend yield of 1.95%. With a relatively high payout ratio of 77.72%, the company focuses on balancing dividend distributions with investments in expanding its automotive aftermarket parts and accessories business and maintaining its market leadership.

>> Advance Auto Parts, Inc. Dividend History

Cleveland-Cliffs Inc. (CLF)

Cleveland-Cliffs offers an impressive dividend yield of 3.45%. The company appears to prioritize reinvesting profits into its operations and growth initiatives within the mining and natural resources industry to drive sustainable long-term value for investors.

Steel Dynamics, Inc. (STLD)

Steel Dynamics presents a moderate dividend yield of 1.63%. Its prudent payout ratio of 10.29% reflects the company’s commitment to balancing dividend distributions with investments in its steel production and metal recycling operations to drive sustainable growth and maintain a competitive edge.

>> Steel Dynamics, Inc. Dividend History

Thor Industries, Inc. (THO)

Thor Industries offers a solid dividend yield of 2.24%. With a reasonable payout ratio of 25.90%, the company continues to focus on rewarding shareholders while strategically investing in its recreational vehicle manufacturing and sales operations to drive sustainable growth and market expansion.

>> Thor Industries, Inc. Dividend History

San Juan Basin Royalty Trust (SJT)

San Juan Basin Royalty Trust presents an exceptionally high dividend yield of 18.84%. With a payout ratio of 100.00%, the trust primarily focuses on distributing its revenue from oil and natural gas royalties to its investors, emphasizing its commitment to providing regular and substantial income.

>> San Juan Basin Royalty Trust Dividend History

Osisko Gold Royalties Ltd. (OR)

Osisko Gold Royalties offers a moderate dividend yield of 1.43%. With a payout ratio of 50.59%, the company focuses on distributing a significant portion of its revenue from gold royalties to its investors while also reinvesting in expanding its precious metal streaming and royalty portfolio.

>>Osisko Gold Royalties Ltd. Dividend History

DuPont de Nemours, Inc. (DD)

DuPont de Nemours provides an attractive dividend yield of 1.98%. With a relatively high payout ratio of 67.98%, the company balances rewarding shareholders with investments in research and development, product innovation, and strategic acquisitions within the chemicals and materials science industry.

>> DuPont de Nemours, Inc. Dividend History

Are stocks that pay dividends in January a good investment?

Investing in dividend-paying stocks in January can be a sound strategy for many investors. Not only do such stocks provide a regular income stream, but they also often indicate a company’s financial stability and commitment to rewarding shareholders. 

Moreover, dividend-paying stocks can act as a cushion during market downturns, providing a measure of resilience to a portfolio. 

However, it’s crucial to conduct thorough research and consider other factors such as the company’s growth prospects, financial health, and dividend sustainability to make well-informed investment decisions. Diversification across various sectors and industries can further mitigate risks and maximize potential returns.

Factors to Consider when Investing in stocks that pay dividends in January

When delving into stocks that offer dividends in January, several key factors warrant consideration. 

Firstly, assessing the company’s historical dividend payment consistency and its ability to sustain dividends in the long run is crucial. Additionally, examining the company’s financial health, growth potential, and market position can provide valuable insights into the sustainability of its dividend payouts. 

It’s also essential to analyze the sector’s performance and the broader economic trends to gauge the overall market conditions that could impact the stock’s performance. Conducting thorough due diligence and consulting with financial advisors can help mitigate risks and optimize investment decisions in dividend-paying stocks.



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