10 Best Stocks To Invest In 2023 For Beginners – Part 2

Yesterday I went over #1 to #5 top stocks out of our top 10 list for 2023. We have 5 more to go so I hope you are ready. Moreover, like the others on the list, these are safe to invest in as they are strong companies. However, no stock is safe from loss. Please keep this in mind when investing. There will be difficulties, learn to weather the storm. In addition, these stocks pay dividends so even if they drop in price you still are paid.

Number Six: Verizon Communications Inc (VZ)

Verizon has the same composition as AT&T. Verizon deals with cell phones, cell services, cable, internet and more. Verizon has been readily expanding into new areas in an effort to stay on top and increase sales. Verizon’s annual revenue for 2022 was $136.835 billion dollars.

Currently, shares are trading at $33.38 and they have a dividend yield of 7.85% and a payout of $.6525 per quarter. They have a long dividend history with payouts starting in 1995. The company has had strong growth since then.

Number Seven: 3M Co (MMM)

If you ever hung something up or needed tape for anything then you will know this company. 3M operators through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. They have a massive share of the market and pretty much everything tape related belongs to them.

They currently have a share price of $98.50. They have a dividend yield of 6.02% and a quarterly payout of $1.50. They have been paying dividends since 1995. They have had steady growth since then. Right now, analysts are giving a sell rating for this company but I believe it is still worth buying. They missed their revenue target for the quarter which scared some people but I think you need to look past it.

Number Eight: McDonalds Corp (MCD)

If you do not know this company then you must be living under a rock. McDonalds can be found in almost every part of the world and in most cases on every street corner. They have over 38,000 locations and a revenue of 23.18 billion dollars as of 2022. They are expanding into Europe, which will increase revenue in the billions over the next five years.

They are currently trading at $282.35 a share, which is no small amount of change.  They have a dividend rate of 2.16% and pay out $1.52 per quarter. They have been paying out dividends since 1987.  They have had steady growth since then.

Number Nine: Procter & Gamble Co (PG)

It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; Baby, Feminine & Family Care. They have brands like Olay, Old Spice, Safeguard, Secret, SK-II, Crest, Oral-B, Ariel, Downy, Gain, Tide and more. This just scratches the surface of the brands they have.  In 2022, they have revenue of $80.187 billion dollars.

They are currently trading at $152.54, have a dividend yield of 2.46% and a payout of $0.9407 per quarter. They have paid out dividends since 1987 and have seen steady growth.

Number Ten: Chevron Corp (CVX)

Chevron is one of the pricier gas producers right now. If you ever had to go to one of their gas stations, you will notice they charge $0.20 to $0.40 cents more per gallon. You might think, “Why would people go there then?” Well, Chevron has done a good marketing campaign and making people believe their gas is better than everyone else’s is. In reality, their gas is just as good as BP, Mobile, etc. However, do not let what I said discourage you. This company still makes a lot of money each year; in 2022, they profited $36.5 billion dollars. That is profit!

Currently, they have a share price of $157.94 and a dividend yield of 3.79%, which pays out $1.51 quarterly. They have paid out dividends since 1995. They have a strong share in the market and a strong revenue stream so I can see dividends getting better as we move forward.

Thanks for reading!

Related: 10 Best Stocks To Invest In 2023 For Beginners – Part 1