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Can I Make Money With Dividends On Robinhood Gold

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10 All-time Dividend Stocks on Robinhood

In this article, we will take a look at the 10 all-time dividend stocks on Robinhood. You lot can skip our comprehensive analysis of these stocks' outlook in 2021 and go direct to the five Best Dividend Stocks on Robinhood .

The coronavirus outbreak led to unprecedented economic events that resulted in a spike in unemployment rates all over the world. Having a diversified investment portfolio comes in handy during these trying times. Dividend investors had a difficult time in 2020 where many companies announced the suspension of dividend payments such every bit The Walt Disney Company (NYSE: DIS), AMC Entertainment Holdings, Inc. (NYSE: AMC), and Expedia Grouping, Inc. (NASDAQ: EXPE). On the other hand, some companies continued distributing dividend payments in a reduced amount such every bit oil and gas giants Royal Dutch Crush plc (NYSE: RDS-A), Occidental Petroleum Corporation (NYSE: OXY), and BP p.50.c. (NYSE: BP).

The Robinhood Stock Craze

Last year, the world saw in awe every bit hundreds of thousands of individual investors, fueled by online communities, initiated a brusk squeeze and waged a war confronting hedge funds. Stock trading app Robinhood was at the middle of this drama. The California-based startup, which pioneered the zero-commission stock trading, became the focus of the controversy after it decided to freeze trades for GameStop Corp. (NYSE: GME) on January. 28, when GME traded at its all-time high at $483 a share. Equally of May 2020, Robinhood had approximately 13 million active users. Despite the controversies, private investors using Robinhood, online communities and trading platforms worth a lot of attending. These investors often put a lot of effort researching stock ideas. That'southward why in this commodity nosotros are doing to hash out some of the best dividend stocks on Robinhood. These stocks are not only popular on Robinhood, only as well have strong fundamentals, dividend yields and decent dividend history.

According to Robinhood's leaderboard, the most pop dividend stocks are from applied science, cyclical products, healthcare, and cannabis industries. In general, Robinhood traders are into momentum stocks such equally motility picture theater operator AMC Entertainment Holdings, Inc. (NYSE: AMC) and video game retailer GameStop Corp. (NYSE: GME), which have stopped paying dividends to investors in March 2020 and March 2019 respectively. But traders are Robinhood are also piling into famous dividend stocks that have years of steady dividend hikes and strong financials.

Robinhood Dividend Stocks

One interesting dividend-paying stock to look at is cigarette manufacturer Altria Group, Inc. (NYSE: MO). The current annualized dividend rate for the visitor is $3.44 per common share, with a loftier dividend yield of 6.97%. Altria Group, Inc. (NYSE: MO) is one of the nigh popular stocks in Robinhood due to its exposure to the cannabis industry. In 2018, the cigarette company purchased a 45% stake of Canadian cannabis manufacturer Cronos Group Inc. (NASDAQ: CRON) for $2.4 billion intending to benefit from Canada'south legalization of recreational apply for marijuana. Altria Grouping, Inc. (NYSE: MO) jumped 38% over the by twelve months.

Another of the best dividend stocks to check out on Robinhood is petroleum visitor Exxon Mobil Corporation (NYSE: XOM). The visitor pays a dividend of $0.87 per share yielding at v.74%. Exxon Mobil Corporation (NYSE: XOM) is seeking potential partners on its $100 billion carbon capture project in Houston, Texas, that could proceeds market value every bit much equally $2 trillion by 2040 as forecasted . Shares of XOM increased 40% over the by twelve months.

Investors in Robinhood adore tech stocks that pay dividends, and Microsoft (NASDAQ: MSFT) is one of them. The Washington-based multinational tech company Microsoft Corporation (NASDAQ: MSFT) is one of the all-time dividend stocks on Robinhood. The company's revenue in the get-go quarter came in at $37.two billion, upwardly 12% from the aforementioned period last yr. Microsoft Corporation's productivity software business concern grew to 47 one thousand thousand personal and family subscribers. The company's deject calculating segment Microsoft Azure, gaming panel Xbox, and operating system Windows also grew in the first quarter of the fiscal year 2021. Aside from the massive growth capacity of the company, Robinhood investors like Microsoft Corporation (NASDAQ: MSFT) as a dependable dividend stock. The tech behemoth announced a quarterly dividend of $0.56 per share in September 2020, up to five cents or 10% from the previous quarter's dividend. The stock has gained 35% in the last twelve months.

Finding valuable stocks is becoming difficult by the mean solar day among financial volatility that isn't sparing fifty-fifty the smart money. The entire hedge fund industry is feeling the reverberations of the irresolute financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn't go on up with the unhedged returns of the market indices. On the other hand, Insider Monkey'due south research was able to identify in advance a select group of hedge fund holdings that outperformed the South&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th, 2021 our monthly newsletter's stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more 124 percentage points (meet the details here). Nosotros were also able to place in advance a select group of hedge fund holdings that significantly underperformed the marketplace. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. Y'all can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Best Dividend Stocks on Robinhood
Best Dividend Stocks on Robinhood

Photo by MayoFi on Unsplash

With this context in mind, here is our listing of the 10 best dividend stocks on Robinhood.

Best Dividend Stocks on Robinhood

10. Constellation Brands, Inc. ( NYSE: STZ )

Number of Hedge Fund Holders: 58 Dividend Yield: 1.3%

International alcohol beverage manufacturer Constellation Brands, Inc. (NYSE: STZ) is one of the best dividend stocks on Robinhood. In April, the company increased its dividend quarterly payout to $0.76 per share from $0.75 per share in the previous quarter. Aside from the company's booming beer and spirit business concern, Constellation Brands, Inc. owns about 39% of Canadian marijuana house Canopy Growth Corporation (NASDAQ: CGC), which makes the company one of the fastest-growing cannabis stocks to invest in. Revenue increased past just over 3% to $eight.half dozen billion for the year, while adjusted earnings-per-share increased from $9.12 to $9.97.

Constellation Brands, Inc. (NYSE: STZ) has a market place cap of $45 billion. The company'due south net income for the fiscal twelvemonth 2021 came in at $4.5 billion, upward from $4.15 billion in 2020. Shares of STZ jumped 46% over the past twelve months. At the end of the 4th quarter of 2020, 58 hedge funds in the database of Insider Monkey held stakes worth $1.76 billion in Constellation Brands, Inc. (NYSE: STZ) which is an increase from 53 hedge funds in the previous quarter belongings stakes worth $2.xix billion.

9. AT&T Inc. ( NYSE: T )

Number of Hedge Fund Holders: 58 Dividend Yield: vi.46%

American telecommunication behemothic AT&T Inc. (NYSE: T) ranks 9th in our list of 10 all-time dividend stocks on Robinhood. Due to its relative stability, make recognition, and high yield, AT&T (NYSE: T) has been a mutual dividend stock for many years. The telecom company is a dividend blueblood as it has raised its dividend annually for at least 25 sequent years and currently yields at vi.46%. The company pays an annualized dividend of $2.08 per share. The Dallas-based company offers telecommunications, technology, and media services worldwide.

The visitor has a market place cap of $230 billion. The company's acquirement in the first quarter came in at $43.9 billion. Both the communications and media segment contributed to an increment in acquirement for the quarter as AT&T Inc. (NYSE: T) added 595,000 wireless phone subscribers and totaled nearly 64 million HBO Max subscribers globally. Shares of T climbed 12.7% over the past twelve months.

At the end of the fourth quarter of 2020, 58 hedge funds in the database of Insider Monkey held stakes worth $1.04 billion in AT&T Inc. (NYSE: T) which is an increment from 51 hedge funds in the previous quarter holding stakes worth $1.16 billion.

Nelson Capital Management, in its Q1 2021 investor alphabetic character, mentioned AT&T Inc. (NYSE: T). Here is what the fund said:

"Nelson Majuscule stayed busy i n t he first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, particularly in the content realm, leaving the visitor saddled with debt and unable to change directions."

viii. The Coca-Cola Company ( NYSE: KO )

Number of Hedge Fund Holders: 62 Dividend Yield: 3.09%

The Coca-Cola Company (NYSE: KO), which is too a role of our list of best dividend kings of 2021, ranks 8th in our listing of 10 all-time dividend stocks on Robinhood. The Georgia-based beverage maker has increased its dividend for 59 consecutive years. The Coca-Cola Visitor (NYSE: KO) pays a quarterly dividend of $0.42 per share with a yield of 3.09%. The company has been producing soft drinks, enhanced water, juice, sports drink, and dairy for the last 135 years.

The Coca-Cola Company (NYSE: KO) has a market cap of $235 billion. The visitor's acquirement for the first quarter came in at $9 billion, up five% from $8.6 billion in the year-agone quarter. On average, Wall Street analysts take rated The Coca-Cola Company (NYSE: KO) a "Moderate Purchase" with a $60 price target. Shares of KO jumped 25% over the past twelve months.

At the end of the fourth quarter of 2020, 62 hedge funds in the database of Insider Monkey held stakes worth $24.7 billion in The Coca-Cola Company (NYSE: KO) which is an increase from 60 hedge funds in the previous quarter holding stakes worth $22 billion.

7. Pfizer Inc. ( NYSE: PFE )

Number of Hedge Fund Holders: 63 Dividend Yield: 3.93%

New York-based pharmaceutical business firm Pfizer Inc. ( NYSE: PFE ) is some other best dividend stock on Robinhood. Pfizer Inc.'s dividend yield has comfortably surpassed 4% for the majority of the last eighteen months. The company currently pays an annualized dividend of $1.56 per share with a yield of 3.90%. Shares of PFE jumped 15% over the past three months.

The company has a market cap of $224 billion. Pfizer Inc. (NYSE: PFE) disclosed in its commencement-quarter results that the company is expecting a full-year revenue for the COVID-19 vaccine of approximately $26 billion in 2021. In the commencement quarter, the company'due south revenue was $fourteen.half dozen billion, upward 45% from $4.two billion to the prior-year quarter. Pfizer Inc. (NYSE: PFE) will continue to supply COVID-xix vaccines to Canada and State of israel in 2021. On May 10, Morgan Stanley raised its price target for Pfizer to $42 from $38 but kept its Equal-Weight rating.

There were 63 hedge funds that reported owning stakes in Pfizer Inc. (NYSE: PFE) at the terminate of the quaternary quarter. The total value of these stakes at the end of Q4 is $one.85 billion.

vi. Exxon Mobil Corporation ( NYSE: XOM )

Number of Hedge Fund Holders: 63 Dividend Yield: 5.74%

Texas-based petroleum giant Exxon Mobil Corporation (NYSE: XOM) ranks 6th in our list of ten best dividend stocks on Robinhood. Exxon Mobil Corporation offers a loftier-yielding dividend that pays dividend share annually for $three.48 per share. Exxon Mobil Corporation'southward downstream and chemical segments generate a significant portion of the company's earnings in improver to its upstream business concern.

The company has a market cap of $257 billion. Exxon reported first-quarter earnings per share of 65 cents on acquirement of $59.15 billion, exceeding analyst expectations. Shares of XOM increased 45% over the past twelve months. On May five, DZ Bank upgraded Exxon Mobil Corporation from a "Concord" rating to a "Buy" rating, with a $67 toll target.

At the end of the fourth quarter of 2020, 63 hedge funds in the database of Insider Monkey held stakes worth $2.21 billion in Exxon Mobil Corporation (NYSE: XOM) which is an increase from 52 hedge funds in the previous quarter belongings stakes worth $1.38 billion.

Like Altria Group, Inc. (NYSE: MO), XOM is ane of the all-time dividend stocks to buy on Robinhood. Harding Loevner, in its Q1 2021 investor letter, mentioned Exxon Mobil Corporation (NYSE: XOM). Here is what Harding Loevner has to say in its letter:

"We felt that our remaining energy holding, ExxonMobil, with its stronger residual canvas, was in a better position to ride out the cyclical slump in oil demand and even perhaps take advantage of information technology by investing counter-cyclically. While ExxonMobil does plan to increase capital letter expenditure, we've been disappointed in its regrettable failure to address ongoing emission trends, which reflects poorly on management's foresight. As a result, we sold our ExxonMobil holdings."

Click to keep reading and run across the 5 Best Dividend Stocks on Robinhood .

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Disclosure: None. 10 Best Dividend Stocks on Robinhood is originally published on Insider Monkey.

Source: https://finance.yahoo.com/news/10-best-dividend-stocks-robinhood-135951445.html

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