Looking for steady quarterly income? The ongoing earnings season is the perfect time to rebalance your portfolio and invest in dividend stocks with promising returns. Here are three dividend stocks you should consider buying before the earnings announcement.
1. Home Depot (HD)
Home Depot (NYSE: HD) is a home improvement retailer with a massive market presence in the U.S., Mexico, and Canada. Despite facing challenges in the past year, the company is poised for growth as the economy improves. With a dividend yield of 2.44% and a payout ratio of 57.1%, Home Depot remains a solid investment option. Keep an eye on its upcoming earnings report for potential opportunities.
2. Nvidia (NVDA)
Did you know Nvidia (NASDAQ: NVDA) is a dividend stock? With a modest dividend yield of 0.037%, Nvidia is a leader in the AI industry and is expected to outperform in its upcoming earnings report. Analysts believe this could be a game-changing moment for the company. Consider investing in Nvidia before its earnings announcement on Aug. 28.
3. Walmart (WMT)
Walmart (NYSE: WMT) is the world’s largest retailer with a dividend yield of 1.21%. The company’s strong online presence and e-commerce growth make it a top dividend stock to watch. With a solid performance in the first quarter and a promising outlook for the second quarter, Walmart is a great investment choice before its earnings report on Aug. 15.
Overall, these three dividend stocks offer the potential for steady income and growth. Keep an eye on their earnings reports for opportunities to enhance your investment portfolio.