3 High Dividend Stocks Up More Than 30% in 2023

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make money in stocks. There’s the popular way - capital gains (i.e. growth) and there’s the not-so-popular way - dividends (i.e.

income). Investors tend to get obsessed with capital gains. This is understandable.

Who doesn't like capital gains? The more the better. Dividend investing is different. Dividend investors don't seek growth.

Of course, they'll take the growth if they can get it. But they don't actively look for it. What do they look for? Stability.

Investing in a stable dividend-paying company can let you sleep peacefully at night. The business will generate a steady passive income. The more stable the business, the higher the share of profits that can be distributed.

All else being equal, a company with a high dividend payout ratio is more stable that a similarly sized competitor with a lower dividend payout. Also, the benefit of buying dividend stocks is that the uncertainty of returns becomes low because the company pays a dividend at regular intervals. But what about growth? How have these stocks done in 2023? Let’s look at three top performers… ITC is a diversified conglomerate with businesses spanning fast moving consumer goods, hotels, paperboards and packaging, agri-business, and IT.

The company is the country's leading FMCG firm and the market leader in the Indian paperboard and packaging industry. In the agri sector, it's acknowledged globally as a pioneer in farmer empowerment through its wide-reaching agri business. In the hotels segment, it's a pre-eminent hotel chain in India.

For years, ITC was planning to gradually shift towards an asset-light model in the hospitality sector for further expansion. It's only now that the words have been put to action with its hotel business demerger plan. Over