6 Dividend Champions for Safely Compounding This Year's Hefty Market Gains

investing.com:

Investors often find dividends attractive, but it's not wise to base stock purchases solely on high dividend yields. While dividends can be a bonus, they shouldn't be the primary reason for buying stocks.

Before buying stocks for dividend yields, investors should consider aspects like financial health along with the stock's upside potential.

For those who aren't comfortable with investing in individual stocks, ETFs can be great options.

There are several well-known dividend ETFs to choose from. However, it's essential to examine their performance over the past few years before you decide to invest.

Here are the top dividend ETFs you can consider:

Vanguard FTSE Developed Markets Index Fund ETF Shares (NYSE:VEA)

Schwab U.S. Dividend Equity ETF (NYSE:SCHD)

WisdomTree Japan Hedged Equity Fund (NYSE:DXJ)

While ETFs can be a great choice for some investors, others prefer to invest in individual stocks.

Below, we will take a look at some stocks with appealing dividend yields and bullish potential using the InvestingPro tool, which provides essential data for our analysis.

Uniti Group (NASDAQ:UNIT) is engaged in the acquisition and construction of communications infrastructure and is a leading provider of fiber and other wireless solutions.

Its dividend yield is +10.47%.

Source: InvestingPro

On February 29 it presents its accounts. For 2024 the forecast is for an increase in earnings per share (EPS) of +82.4% and revenue of +3%.

Source: InvestingPro

Its scalable nationwide network has facilitated customized agreements with wireless service providers. The company expects growth in fiber projects and new network construction.

It has 10 ratings, of which 3 are buy, 7 are hold and 1 is sell.

The market sees a 12-month potential