7 Must-Have Dividend Blue-Chip Stocks for 2023

Credits: Canva

By: Aquib Nawab


Known for its immense stability in the fast-food sector, is more than just a ubiquitous brand. Opening 50,000 restaurants by 2027 and the launch of the CosMc’s brand, demonstrating robust growth, as evidenced by a 14% increase in comparable sales in the recent quarter.

1. McDonald’s (MCD)

Credits: Bloomberg

Stands out in the semiconductor industry for its leading semiconductor design software. Despite concerns about valuation, Its high profitability and moderate P/E ratio, coupled with the anticipated growth in AI investment, position it as a promising stock for 2024.

2. Broadcom (AVGO)

Credits: Reuters

3. AbbVie (ABBV)

Swiftly moving beyond Humira, its blockbuster drug, with a focus on its burgeoning immunology portfolio. The company's strategic acquisitions, like Immunogen and Cerevel, coupled with a high dividend yield, make it an attractive investment choice.

Credits: Bloomberg

Reaping the benefits of a trend towards credit financing, with a 14% increase in revenues and a 12% rise in purchase volumes. The expected surge in holiday spending further bolsters the case for investing in Mastercard despite its modest dividend yield.

4. Mastercard (MA)

Credits: Tip Ranks

As the world's largest retailer, Walmart’s appeal to investors remains strong. With a 1.5% dividend yield and a significant 15% global growth in e-commerce, Walmart is poised to capitalize on the expected robust holiday sales.

5. Walmart (WMT)

Credits: Seeking Alpha

6. Altria (MO)

Offering a substantial 9.2% dividend yield, continues to intrigue investors with its shift towards smokeless tobacco products. The company’s consistent dividend payments since 1970, coupled with recent positive momentum, underscore its investment appeal.

Credits: Seeking Alpha

UnitedHealth has experienced rapid growth in the healthcare sector, with a 14% revenue increase in the third quarter. Despite potential challenges, UnitedHealth's extensive control over the healthcare supply chain positions it as a strong investment prospect.

7. UnitedHealth (UNH)

Credits: Business Wire

One ETF Backed by Warren Buffett for Long-Term Investment