Finance

THE Best Dividend Stock to Buy for 2021

the-best-dividend-stock-to-buy-for-2021



I just invested $100,000 in the best dividend stock of the year and am using my favorite cash flow strategy. I’ll show you that dividend-paying stock, how I picked it and then why every investor needs to be using this strategy!

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From this one dividend stock investment, I’ll earn nearly $6,000 just from the dividend yield and another 7% return on the price. The best part about this strategy is I still make those returns even if the shares fall 13% from the current price.

In this video, I’ll reveal my favorite dividend stock and how I picked it for this strategy. I’ll then show you the strategy and how to set it up in your own portfolio.

Chevron (CVX) is easily the best dividend stock right now with 33 consecutive years of dividend payout increases even in the face of some tough times for energy companies. This dividend paying company is one of the lowest cost producers in its industry so you know that cash flow will keep coming. The entire sector has some strong economic forces lining up behind it to help support share prices.

I’m using the covered call option strategy to produce more dividends from the stock and lower my risk. I’m not trying to get rich here, just trying to find a good place to park my cash until the stock market gets a little cheaper. That option strategy is one of my favorite for lowering risk and staying invested.

Check out my four other favorite options strategies in this video: https://youtu.be/owZNEuYL_N0

Don’t miss your chance to turn your top dividend stock into a cash flow machine with less risk than simply buying the shares. Watch the video and let me know in the comments, what’s your favorite dividend stock right now?

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

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Robert Dunfee

40 Comments

  1. Let's Talk Money! with Joseph Hogue, CFA
    July 18, 2021 at 10:54 pm

    Don't Miss these 5 Options Trading Strategies I Use to Protect AND Grow My Portfolio! 😲 https://youtu.be/owZNEuYL_N0

  2. robertg305
    July 18, 2021 at 10:54 pm

    I have 5 shares of Chevron! About all I can afford for now lol! Hope to get more

  3. henrique andrade
    July 18, 2021 at 10:54 pm

    Do you know any analysis of AITX, this month does not rise more to at least 50 cents?

  4. David Hall
    July 18, 2021 at 10:54 pm

    What’s your net worth?!!!

  5. LEE jessoN 이베슨
    July 18, 2021 at 10:54 pm

    LEEJESSON0924

  6. LEE jessoN 이베슨
    July 18, 2021 at 10:54 pm

    Hllo

  7. Hao Ha
    July 18, 2021 at 10:54 pm

    Do you have to pay tax on the collected premium? If that is the case, then the purchased price of the stock is actual higher, somewhere closed to that $80 strike price (assuming you are in the highest tax bracket), then will be less profit overall, correct? Thanks

  8. UnsponsoredUnboxing
    July 18, 2021 at 10:54 pm

    MSFT

  9. lindsay miles
    July 18, 2021 at 10:54 pm

    i didnt have a clue about stocks and shares ,untill i came across Joseph Hogue. vid clips , . and there is no . ,send me $xxxx, for more information etc. I personally thank you and salute you on yr honest down to earth ,approach. ,

  10. Bill Romine
    July 18, 2021 at 10:54 pm

    HD is my best stock from Bill Romine

  11. Hiwot Shimelis
    July 18, 2021 at 10:54 pm

    This is a very conservative and yet smart strategy for putting your cash to work! Thanks for sharing!
    When you get a chance would you please make a video highlighting the best high growth dividend stocks to buy now and hold through the end of 2021?

  12. ian Kingston
    July 18, 2021 at 10:54 pm

    Hello Joe oil prices have increased. I live in California's. Gas Prices $4 or $5 per gallon.

  13. Izik Ilyaguyev
    July 18, 2021 at 10:54 pm

    Great content! I have over 15 dividend stocks in my dividend portfolio. Is that ok or advisable to have that many stocks in one portfolio? Thanks.

  14. At Wknh
    July 18, 2021 at 10:54 pm

    which investment apps payout dividend? Acorn reinvest it. I'm not sure about Robinhood.

  15. Gaurav Modi
    July 18, 2021 at 10:54 pm

    Prudential

  16. andy3d1
    July 18, 2021 at 10:54 pm

    Only watching this today 03/10 and CVX is $111! Nice one!

  17. Down Home Money
    July 18, 2021 at 10:54 pm

    Love this strategy! Thanks Joseph for sharing!

  18. Guy Joos
    July 18, 2021 at 10:54 pm

    NLY

  19. Sakura-chan
    July 18, 2021 at 10:54 pm

    Main Street capital

  20. rrr eeck
    July 18, 2021 at 10:54 pm

    I am curious, why you pick such long PUT options!? 1 year out seems like an eternity. Yes your return is set and downside covered, Is it really possible to be that disciplined? Just set it and forget it?
    In the case of your CVX trade cited, What changes, if any would you consider as we watch the stock climb?

  21. rrr eeck
    July 18, 2021 at 10:54 pm

    WEll CVX did well directly after your video posted. Then the news tells us that Warren Buffett picked up the stock too,. Obviously, Warren Buffett,Omaha Oracle, is watching the Iowa Icon,Joseph Hogue .

  22. Tyler Farrington
    July 18, 2021 at 10:54 pm

    Joseph, couldn't the call option buyer buy those contracts before expiration? costing you the dividend?

  23. S. Evans
    July 18, 2021 at 10:54 pm

    Love OKE .935 quarterly payout and in the S&P 500. Still a lot of growth in the stock to get back to pre covid pricing too. Thoughts ??

  24. Einhander49
    July 18, 2021 at 10:54 pm

    I got about 124k to invest. So you're telling me to hold and wait for a stock market crash?

  25. The Cult Machine
    July 18, 2021 at 10:54 pm

    Fuck that bow tie looks so good.

  26. Mike Termaaten
    July 18, 2021 at 10:54 pm

    Chevron reported a loss of $665 million during the fourth quarter compared with a loss of $6.6 billion the year before, which included $10.4 billion in impairments. Earnings worsened from a loss of $207 million in the third quarter as downstream and corporate segment losses increased and offset higher profits from the upstream segment

  27. Hana Phuong Hoa
    July 18, 2021 at 10:54 pm

    I’m new to your channel but you seem really humble and so far the most honest Youtuber/ stock adviser I have watched online. Thank you.

  28. BeijingOperaFan
    July 18, 2021 at 10:54 pm

    I like the following for dividends: mo, o, ohi, t, vz, sun, et, pru, ibm, dow, iep, gsk, bp, cvx. Usually, I only play index funds not individual stocks.. but these stocks generate cash flow, so I started playing these.

  29. Randy Manning
    July 18, 2021 at 10:54 pm

    Wpc?

  30. Kay
    July 18, 2021 at 10:54 pm

    Id love to try this. Wish I could ask questions directly. Options seem intimating to new investors.

  31. Antonio Inserra
    July 18, 2021 at 10:54 pm

    I love your videos and you insight is invaluable, but investing in OIL as Climate Change Worsens every day, is in my opinion, irresponsible.
    You use a hole video to explain why it a good thing to do so.
    Please make more videos on investing in stocks that will accelerate the future we all want and need.

  32. Karl BE
    July 18, 2021 at 10:54 pm

    I won't invest any more into planet killing and long subsidized big oil companies any longer. There is more to life than money at all costs. Why not invest in the future that you would want for your children and their children. There are many other lucrative and beneficial companies to put your money into. Same goes for tobacco. Short term profits don't outweigh the negatives to humanity.
    Secondly, energy companies are only up because they tanked so bad last year…

  33. Cracker & Cookie kitten
    July 18, 2021 at 10:54 pm

    I love your outfit very colorful 👔 shirts and tie. So nice looking. Compared Most millionaires rich guy you tuber or famous you-tuber put cheap dark ( mostly grey )worn out t shirts( don’t know why ) .. very well and best financial YouTube so far

  34. Magical Makeup
    July 18, 2021 at 10:54 pm

    Hi Joe it’s ok to simply buy some chevron stock ? I don’t have the money you do to invest- so I just brought a few shares , is this ok ? 🤔

  35. Kar Lee
    July 18, 2021 at 10:54 pm

    I have 0 idea what he just said. But good luck on Chevron.

  36. Sola Rezzz
    July 18, 2021 at 10:54 pm

    I have no clue what this man is talking about but I watched the entire thing.

  37. ixanaths
    July 18, 2021 at 10:54 pm

    what if the call options buyer exercises the options before Jan 2022? Then u don't get the 5% dividends.

  38. elotrolado
    July 18, 2021 at 10:54 pm

    Not sure I fully understand or feel comfortable with options trading just yet. If I'm just looking for a good, stable dividend stock, is this a good play w/o using that strategy? thanks, and I appreciate what and how you do what you do!

  39. Ed Miller
    July 18, 2021 at 10:54 pm

    I like Altria, I bought 1000 shares! Excellent dividend!

  40. Byron MaidPro-SLC
    July 18, 2021 at 10:54 pm

    wtf would u do that? jesus. buy google heard of it?