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7 Best Dividend Stocks to Buy for Your Grandchildren

If you’re a grandparent — or aspire to be at some point — one of the best gifts you can give to the youngest member of your family is a solid financial foundation. While some of this may be legacy, it’s also important to teach young children how to perform so well in their golden years. So don’t be afraid to introduce them to the magic of investing and dividend stocks.

Dividend stocks are great long-term investments because you earn quarterly (or sometimes monthly) dividends in addition to your quarterly returns. When you turn around and reinvest those dividends directly into your stocks, your position grows steadily over time, as does your portfolio.

know the best Dividend Stocks to Buy and HoldCombined with knowing the magic of compound interest, it’s the best way for your grandson to build his own portfolio and start his path to a comfortable life and retirement.

What better gift could you give?

Here are some highly rated dividend stocks to buy for your grandkids and start their financial journey on the right foot.

CHRW CH Robinson Global $109.23
Central Military Commission Metal Trading Company $39.25
police ConocoPhillips $91.29
South Korea Kroger $46.96
EMB EMB Energy $40.70
cap Penske Automotive Group $117.26
WLK West Lake $94.46

Dividend Stock: CH Robinson Worldwide (CHRW)

Unless you’ve been hiding in a cave, you know a lot about supply chains — intricate global networks of materials, workers, manufacturing, and shipping that keep you sitting on the couch in your living room and ordering products in another place on one side of the world. world. Supply chain issues have severely impacted some companies’ manufacturing and earnings since Covid-19 first emerged.

CH Robinson Global (Nasdaq:CHRW) to negotiate full trucking and multimodal transport and connect manufacturers with air and ocean service providers.

While some companies are suffering severely from supply chain issues, CHRW is a big winner. The stock is up 13% from the start of February and has also outperformed the market year-to-date (YTD). second quarter profit Beat analysts’ estimates with revenue of $6.8 billion and earnings per share (Polyethersulfone) of $2.67, compared with expected revenue of $6.78 billion and EPS of $1.99.

On top of that, CHRW stock pays a 2% dividend, earning an A grade on my dividend evaluator.

Metal Trading Company (CMC)

If you’ve ever wondered what happens when someone finishes scrapping, then Metal Trading Company (New York Stock Exchange:Central Military Commission) is a possible answer.The Texas-based company operates as largest manufacturer Rebar in North America and Central Europe. It helps build highways, bridges, stadiums and more and uses 100% recycled steel.

Shares of CMC are up 8% so far this year, and its fiscal third-quarter results released in June kept the company’s momentum going. Earnings included revenue of $2.52 billion and EPS of $2.61, far better than analysts’ call for revenue of $2.32 billion and EPS of $1.85.

CMC pays a 1.4% dividend and has an A rating in the dividend grader.

ConocoPhillips (COP)

ConocoPhillips (New York Stock Exchange:police) is perhaps better known as oil inventories, but it’s much more than that. The company produces nearly equal amounts of oil and gas. It has upstream, midstream and downstream businesses, which means it has more control over its operating margins than others.

Regardless of what happens to gas prices, gas supplies and related conflicts in Ukraine, power generation will continue to be an important driver of the economy. COP stock is up 27% so far this year as natural gas prices rise.

First-quarter earnings beat estimates, with revenue of $19.29 billion and EPS of $3.27, compared with expectations of $18.36 billion and EPS of $3.22.

COP pays a 1.97% dividend and has an A rating in my dividend grader.

Dividend Stocks: Kroger (KR)

you can call correctly Kroger (New York Stock Exchange:South Korea.

While Kroger has done a good job of turning things around during the Covid-19 pandemic, inflationary pressures now appear to be weighing on Kroger’s performance. KR shares are up 3.5% year over year — far better than the market — but that also includes a sharp drop since April.

Kroger says this exercise 2023 First Quarter Results Earnings per share were $1.45 on revenue of $44.6 billion. That beat analysts’ estimates of $43.06 billion and earnings per share of $1.28.If you are looking for premium bonus Stocks to buy and hold (Kroger pays 2.2%), so this grocery store might be a good option. It has an A rating in the Dividend Grader.

OGE Energy (OGE)

electricity company EMB Energy (New York Stock Exchange:EMB) doesn’t have a large footprint — it serves Oklahoma and Arkansas — but it’s a solid dividend pick for your grandkids.

Why? On the one hand, OGE invests in clean energy sources such as solar energy. Clean energy matters for future generations. It also pays a steady dividend of over 4%.

The stock is up 5% so far in 2022, including a 12% gain since mid-June. OGE stock is rated A on the Dividend Ranker.

Penske Automotive Group (PAG)

One of the side effects of supply chain issues and the Covid-19 pandemic is a squeeze on used car prices. The value of used cars has increased due to semiconductor shortages and transportation issues that have led to a scarcity of new cars, coupled with a reduced supply of used cars on the market.Americans now keep their vehicles in 12+. This means that when you go to the parking lot to buy a used car, you will pay a premium.

This applies to auto stocks such as Penske Automotive Group (New York Stock Exchange:cap), up 3% year-to-date and 19% since early April. Second-quarter earnings were mixed, with revenue of $6.91 billion missing analysts’ expectations of $7.07 billion. But earnings per share of $4.93 beat consensus estimates of $4.48.

PAG stock pays a 1.6% dividend and has an A rating in the dividend grader.

Dividend Stock: Westlake (WLK)

Headquartered in Houston West Lake (New York Stock Exchange:WLK) It plays an important role Manufacturing and Supply Petrochemicals, polymers and manufactured building products. With operations in Asia, Europe and North America, the company helps manufacture everything from vinyl siding in your home to food packaging in your refrigerator.

The stock has fallen more than 2% since the start of the year, but represents a buying opportunity. This spring, WLK stock rose 44% in the year before the decline. The stock also pays a 1.2% dividend and has an A rating in the dividend grader.

First published on InvestorPlace. Read it here.

Featured Image Credit: Photo by Josh Willink; Pixels; Thanks!


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