Top Dividend Stocks for 2023 | Summary and Q&A

TL;DR

This video presents the top five dividend stocks for long-term investors in 2023, focusing on their value, dividend yield, and future growth potential.

Key Insights

• 🍉 This video focuses on identifying dividend stocks for long-term investors in 2023.
• ❓ Best Buy, Hasbro, Rio Tinto, LyondellBasell, and International Paper are the top five dividend stocks discussed.
• ⚾ The stocks are evaluated based on their value, dividend yield, and growth potential.
• 💐 Best Buy and Hasbro offer value opportunities with reliable dividends and positive cash flow growth projections.
• 💗 Rio Tinto's dividend is more variable due to being tied to profits, while LyondellBasell operates in a growing industry with a solid dividend yield.
• 🍉 International Paper's growth has been limited recently, but analysts expect it to pick up, making it a potential long-term investment.

Transcript

hi I'm Jimmy in this video we're continuing our three-part Series where we're trying to find different types of stocks for long-term investors going into 2023 and the last video we did our top five value stocks this one we got our top five dividend stocks and then the next video we got top five growth stocks so we're trying to find stocks that coul... Read More

Questions & Answers

Q: What factors make Best Buy an interesting dividend stock option?

Best Buy is both a value opportunity and offers a decent dividend yield of over 4%. It has managed to compete against Amazon and analyst estimates show its free cash flow growing in the future, indicating potential undervaluation.

Q: How reliable is Hasbro's dividend and what are analysts projecting for its future cash flow?

Hasbro has a fairly reliable dividend, with annual increases. Analysts expect its free cash flow to gradually increase in the coming years, making it a good option for long-term investors seeking a decent dividend yield.

Q: What sets Rio Tinto's dividends apart from other companies on the list?

Rio Tinto pays dividends twice a year, with one being a special dividend based on profits. While its dividend yield is high at nearly 10%, the dividends are more variable and less predictable compared to other companies.

Q: What makes LyondellBasell a potential long-term buy and hold stock?

LyondellBasell operates in the refining business, particularly in polypropylene production. As this industry is likely to grow and have long-term demand, the company's dividend yield of over 5% makes it an interesting option.

Summary & Key Takeaways

• Best Buy (BBY) is a value opportunity with a current price of $80 per share, a fair value of $110 per share, and a dividend yield of over 4%. It has managed to compete against Amazon and its free cash flow is expected to grow in the coming years.

• Hasbro (HAS) has a fair value of $70 per share, a current price of $57 per share, and a dividend yield of just under 5%. The company has a reliable dividend history and analysts expect its free cash flow to gradually increase.

• Rio Tinto (RIO) is a mining company with a fair value of $78 per share, a current price of about $70 per share, and an impressive dividend yield of near 10%. However, its dividends are more variable as they are paid semi-annually based on profits.

• LyondellBasell (LYB) has a dividend yield of over 5%, a fair value of $128 per share, and is currently trading in the $80 range. As a company in the refining business, it is likely to have long-term growth potential.

• International Paper (IP) offers around a 5% dividend yield, a fair value of $40 per share, and is priced at about $34 per share. The company has limited recent growth, but analysts expect growth to pick up in the future, making it a potential long-term investment.