Last Updated on April 3, 2021 by Henry John
The perfect stock is a fast-growing stock that pays high-dividends, and that’s according to me. But, such a stock hardly exists as much as ‘perfect’. However, there are quite some stocks that come close, falling a little short in one or two areas.
For instance, it is possible to find a fast-growing stock that pays moderate dividends, and a moderately growing stock that pays high-dividends. And that’s perhaps, the closest one can get to the perfect stock.
Fast-growing stocks like Amazon don’t pay dividends and investing in such a stock, is speculating that the price will eventually go up, up enough to produce a significant ROI. And that comes with its own risks.
High-paying dividend stocks like National Health Investors don’t grow significantly in price, and investors who invest in such stock, are looking for an investment that offers regular income. Moreover, a dividend received is taxed as income, which many long-term investors may not be happy with.
Check out: Cheap Dividend Stocks Under $10 and $20
Investing in growth dividend stocks, however, trying to get the best of both worlds. A growth stock that pays dividends. This means investors can expect the price value of their stocks to go up significantly while receiving regular income. And this is perhaps, the most favorable stock for long-term investors.
If you are looking for growth dividend stocks, here are 10 of the best dividend stocks to consider:
|SYMBOL||COMPANY NAME||DIVIDEND (Annually)||DIVIDEND YIELD (Annually)|
|HD||Home Depot, Inc.||$6.00||2.2%|
|SWKS||Skyworks Solutions, Inc.||$2.00||1.5%|
|LOW||Lowe’s Companies, Inc.||$2.20||1.4%|
1. McDonald’s Corporation (MCD)
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally.
Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants.
McDonald’s Corporation was founded in 1940 and is based in Chicago, Illinois.
2. Apple Inc. (APPL)
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services.
The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.
It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others.
In addition, the company offers various service, such as Apple Arcade, a game subscription service; Apple Card, a co-branded credit card; Apple News+, a subscription news and magazine service; and Apple Pay, a cashless payment service, as well as licenses its intellectual property, and provides other related services.
The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets.
It sells and delivers third-party applications for its products through the App Store, Mac App Store, and Watch App Store.
The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers.
Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.
3. Walmart Inc.
Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam’s Club.
It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
The company offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, and floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products.
It also provides electronics, cameras and supplies, photo processing services, wireless, movies, music, video games, and books; stationery, automotive, hardware and paint, sporting goods, and outdoor living and horticulture; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, toys, fabrics, crafts, and seasonal merchandise, as well as brand name merchandise.
In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, money transfers, check cashing, and bill payment.
It operates approximately 11,500 stores and various e-commerce Websites under the 56 banners in 27 countries.
The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
4. Broadcom Inc.
Broadcom Inc. designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide.
The company operates through three segments: Semiconductor Solutions, Infrastructure Software, and Intellectual Property licensing.
It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; Wireless local area network access point SoCs; Ethernet switching and routing application specific standard products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic laser and receiver components.
The company also offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; serial attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express switches; fiber channel host bus adapters; read channel based SoCs; custom flash controllers; preamplifiers; and optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes.
In addition, it provides mainframe and enterprise software solution and cybersecurity solutions.
Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays.
The company has a collaboration agreement with Liqid Inc. Broadcom Inc. was incorporated in 2018 and is headquartered in San Jose, California.
5. Qualcomm Inc.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide.
It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
- The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. This segment also provides products designed for the implementation of small cells.
- The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, wideband CDMA, CDMA time division duplex, long term evolution, and/or fifth generation standards and their derivatives.
- The QSI segment invests in early-stage companies in various industries, including artificial intelligence, automotive, digital healthcare, enterprise software and solutions, mobile and networking and investment for supporting the design and introduction of new products and services for voice and data communications, and new industry segments.
The company also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.
6. Home Depot, Inc.
The Home Depot, Inc. operates as a home improvement retailer.
It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
The company also offers installation programs that include flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows; and professional installation in various categories sold through its stores and in-home sales programs, as well as acts as a general contractor to provide installation services to its do-it-for-me customers through third-party installers.
In addition, it provides tool and equipment rental services.
The company primarily serves home owners; and professional renovators/remodelers, general contractors, handymen, property managers, building service contractors, and specialty tradesmen, such as electricians, plumbers, and painters.
It also sells its products online.
As of August 4, 2020, the company operated 2,293 retail stores in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico.
The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.
7. Microsoft Corporation
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide.
Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
Its Intelligent Cloud segment licenses SQL and Windows Servers, Visual Studio, System Center, and related CALs; GitHub that provides a collaboration platform and code hosting service for developers; and Azure, a cloud platform.
It also offers support services and Microsoft consulting services to assist customers in developing, deploying, and managing Microsoft server and desktop solutions; and training and certification to developers and IT professionals on various Microsoft products.
Its More Personal Computing segment provides Windows original equipment manufacturer (OEM) licensing and other non-volume licensing of the Windows operating system; Windows Commercial, such as volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; Windows Internet of Things; and MSN advertising.
It also offers Surface, PC accessories, PCs, tablets, gaming and entertainment consoles, and other intelligent devices; Gaming, including Xbox hardware, and Xbox content and services; video games and third-party video game royalties; and Search, including Bing and Microsoft advertising.
It sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online stores, and retail stores.
The company was founded in 1975 and is headquartered in Redmond, Washington.
8. NVIDIA Corporation
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor.
- The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.
- The Tegra Processor segment provides processors comprising SHIELD devices and services designed to harness the power of mobile-cloud to revolutionize home entertainment, AI, and gaming; AGX, a power-efficient AI computing platform for intelligent edge devices; DRIVE AGX for self-driving vehicles; Clara AGX for medical instruments; and Jetson AGX for robotics and other embedded use.
The company’s products are used in gaming, professional visualization, datacenter, and automotive markets.
NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants.
NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.
9. Skyworks Solutions Inc.
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide.
Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators, as well as wireless radio integrated circuits.
The company provides its products for use in the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet, and wearable markets.
It sells its products through direct sales force, electronic component distributors, and independent sales representatives.
The company was founded in 1962 and is headquartered in Irvine, California.
10. Lowe’s Companies, Inc.
Lowe’s Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico.
The company offers a line of products for construction, maintenance, repair, remodeling, and decorating.
It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
It also offers installation services through independent contractors in various product categories; extended protection plans; and in-warranty and out-of-warranty repair services.
The company sells its national brand-name merchandise and private branded products to homeowners, renters, and professional customers.
As of January 31, 2020, it operated 1,977 home improvement and hardware stores.
The company also sells its products through websites comprising Lowes.com and Lowesforpros.com; and through mobile applications.
Lowe’s Companies, Inc. was founded in 1946 and is based in Mooresville, North Carolina.