Investing in stocks is a profitable opportunity for those who have some spare cash and want to make it work. Dividends can provide a lucrative source of passive income. And thanks to the power of compounding, reinvesting dividends and holding on to your winners for the long run can especially help investors build generational wealth. 

Here is the list of six U.S. stocks available on Fundvest that will pay a dividend in May 2024: 

NYSE: Hasbro Inc (INC) 

 Dividend to be paid in May 15: 0,7 USD per share 
Stock price (as of 01.04.2024): 56,52 USD 
Dividend yield (yearly): 4,95% 
Ex-dividend date for May dividend:  30.04.2024 
Payment date: 15.05.2024 

NYSE: Verizon Communications Inc (VZ) 

 Dividend to be paid in May 1: 0,665 USD per share 
Stock price (as of 01.04.2024): 41,96 USD 
Dividend yield (yearly): 6,34% 
Ex-dividend date for May dividend:  09.04.2024 
Payment date: 01.05.2024 

NASDAQ: Starbucks Corporation (SBUX) 

 Dividend to be paid in May 31: 0,57 USD per share 
Stock price (as of 01.04.2024): 91,39 USD 
Dividend yield (yearly): 2,49% 
Ex-dividend date for May dividend:  16.05.2024 
Payment date: 31.05.2024 

NASDAQ: Abbvie (ABBV) 

 Dividend to be paid in May 15: 1,55 USD per share 
Stock price (as of 01.04.2024): 182,10 USD 
Dividend yield (yearly): 3,4% 
Ex-dividend date for May dividend:  12.04.2024 
Payment date: 15.05.2024 

NASDAQ: Abbott Labs (ABT) 

 Dividend to be paid in May 15: 0,55 USD per share 
Stock price (as of 01.04.2024): 113,66 USD 
Dividend yield (yearly): 1,94% 
Ex-dividend date for May dividend:  12.04.2024 
Payment date: 15.05.2024 

NASDAQ: Colgate-Palmolive (CL) 

 Dividend to be paid in May 15: 0,5 USD per share 
Stock price (as of 01.04.2024): 90,05 USD 
Dividend yield (yearly): 1,94% 
Ex-dividend date for May dividend:  19.04.2024 
Payment date: 15.05.2024 

It is important to note, that the dividend payments are proposed by the management of the companies and approved by the shareholders meeting. Therefore, even companies that have a good and stable dividend history, might decrease their dividend or even stop paying them when encountering difficult times. Don’t forget to diversify your investment portfolio!  

* The ex-dividend date – usually investors (shareholders) who buy the Stock (shares) on the ex-dividend date or after will not receive a dividend for last period.   

Please be advised that the list presented is informative and not intended to be an investment advice suggesting specific stocks, but merely a presentation of facts. All Fundvest clients are encouraged to do their own research and make sure of their risk tolerance and financial capacity before making investment decisions. Please consult an expert, if necessary.     

In this article, Fundvest has used third party data, therefore Fundvest neither takes any responsibility for the data presented, nor intends to update the information presented in this article. Data can be updated.   

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