AI picks 3 must-have dividend stocks for 2024 H2
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In an era where some investors prioritize stable income and reliable returns, artificial intelligence (AI) has identified three standout dividend stocks poised to shine in the latter half of 2024. These companies have built a track record of resilience, consistent performance, and a commitment to rewarding shareholders through reliable dividend distributions. In this line, Finbold turned to OpenAI’s latest and most advanced AI platform, ChatGPT-4o, to gather insights on the must-have dividend stocks for the second half of 2024. Johnson & Johnson stock At the top of ChatGPT-4o’s list is Johnson & Johnson (NYSE: JNJ). The AI tool noted that the company stands out as a stalwart in the healthcare sector, offering a dividend yield of approximately 2.8%. Known for its diversified portfolio encompassing pharmaceuticals, medical devices, and consumer health products, Johnson & Johnson ensures consistent returns, making it a reliable choice for dividend investors. In regards to stock performance, JNJ has shown bearish sentiments in 2024. By the close of markets on July 8, the stock was valued at $145, losing over 9% on a year-to-date (YTD) basis. JNJ YTD stock price chart. Source: Finbold Procter & Gamble Co. stock Second on the list is Procter & Gamble Co. (NYSE: PG), a leader in consumer goods with a dividend yield of around 2.5%. The AI platform acknowledged that with a portfolio spanning many globally recognized brands, Procter & Gamble generates strong cash flow, providing stability and consistent dividend growth. Its defensive business model further solidifies its appeal in uncertain market conditions. Procter & Gamble has seen positive growth in 2024, with the equity surging over 11% YTD. By press time, the stock was valued at $166.52. PG stock price chart. Source: Finbold Coca-Cola stock Third on the list is beverage giant Coca-Cola Company (NYSE: KO), with ChatGPT-4o noting that…
Filed under: News - @ July 9, 2024 6:18 pm