The No-Brainer Dividend Stock to Buy Going Into 2024
When you think of excellent dividend stocks, you might not initially think of the highly competitive and capital-intensive automotive industry. But if you skipped right over the automotive industry, you might miss one of the most no-brainer dividend stocks heading into 2024.
Between supplemental dividends, a yield topping 5%, potential catalysts, and even the Ford family having skin in the game, Ford Motor Company (NYSE: F) is an excellent dividend stock. Let's dig in.
One of the most overlooked positives in owning Ford's dividend is that the family is actually on your side! Bill Ford himself joked about it years ago during a Ford conference call when asked about Ford's dividend payout: "Why is the company so stingy with paying dividends?" Bill Ford read during the webcast meeting. He joked: "Was that sent in by a member of the Ford family?"
Source Fool.com
