Stocks That Pay Dividends In April: Cash In Now!

Best April Dividend Paying Stocks

Consider these stocks that pay dividends in April. Because interest rates are at all-time lows. And set to stay there for many months. What else is an income investor to do?

The simple answer is to invest in dividend growth stocks. For the reliable and growing income they provide.

So, to help boost your income and fill out your dividend calendar, I want to share 11 of my favorite stocks that pay dividends in April. Let’s not delay.

stocks that pay dividends in April

11 Stocks That Pay Dividends In April

Here is today’s list of stocks that pay dividends in April.

  • Automatic Data Processing
  • Cisco
  • Coca-Cola
  • Genuine Parts Company
  • Kimberly Clark
  • Medtronic
  • Altria
  • Philip Morris
  • Sysco
  • Walmart
  • Realty Income

Disclosure: At no cost to you, I may get commissions for purchases made through links in this post.

The Research On April Dividend Stocks

Each of today’s stocks that pay dividends in April is a holding in the Dividends Diversify model portfolio.  Also, a personal stock holding of mine.

You can check out all the portfolio’s stocks. Plus dozens of other dividend investing articles for making money with dividends. Don’t forget to do so before you go!

And since I’m invested in these stocks, I’ve done more research.  So you don’t have to.

Do any of these stocks interest you for investment purposes?  Then, just follow the link I have included for a complete dividend stock analysis.

But never forget when finding dividend stocks. To think and invest for yourself.  After all, it’s your money!

But hopefully, by looking at my dividend stock analysis. You will learn if any of these stocks are right for you. And meet your specific investment objectives.

For today, I will just include just a few facts and metrics for each April dividend payer.  Such as:

  • Company name
  • Stock symbol
  • Dividend yield
  • Dividend payout ratio
  • 7- year dividend growth rate
  • The year dividend increases began
  • Status as a Dividend King, Aristocrat, or Achiever
  • The approximate ex-dividend date for the April dividend
  • Other months the stock pays dividends
  • Relevant tips on the company and its stock that come to my mind

This should give enough information to answer the question. Can the company’s stock dividend work for you?

Note that the metrics will be as of the date of publication.  So be sure to check for any changes. 

Most importantly, the dividend yield is one metric that can change quickly.  Since dividend yields have an inverse relationship with a company’s stock price.  And we all have experienced how quickly stock prices can change.

And Before You Invest For April Dividends…

april dividend-paying stocks

Never buy a stock just because it pays its dividend in a specific month.  It is far more important to buy safe stocks that pay dividends regardless of when they pay.

It’s important to do your stock research.  Because investing has a risk of loss.

So, make smart investments and manage your money wisely. I use Personal Capital for managing all of my spending and investments online in 1 place.

Next up, a brief review of each of the 11 stocks that pay dividends in April.

Automatic Data Processing

  • Stock symbol: ADP
  • Dividend yield: 2.3%
  • Dividend payout ratio: 60%
  • 7-year annual dividend growth rate: 11%
  • Increased dividend annually since 1975
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for April dividend: Mid-March
  • Pays dividends in January, April, July, and October

ADP provides payroll processing and human capital management services to businesses.  It is the first of today’s stocks paying dividends in April.

ADP’s dividend yield is a little low. But the dividend growth rate has been strong.  And dividend safety is very high.

More reading about dividend stock ADP.

Cisco

  • Stock symbol: CSCO
  • Dividend yield: 3.2%
  • Dividend payout ratio: 50%
  • 7-year annual dividend growth rate: 13%
  • Increased dividend annually since 2012
  • Dividend status list: Soon to be Dividend Achiever
  • The ex-dividend date for the April dividend: Early April
  • Pays dividends in January, April, July, and October

First of all, Cisco is a dominant player in computer networking equipment and services.

Furthermore, the company has a very strong financial position. And cash flows that support a high degree of dividend safety.

However, Cisco’s dividend growth rate has slowed in recent years. As business growth has been harder for the company to come by.

More reading about dividend stock Cisco.

Coca-Cola

April dividend stocks
  • Stock symbol: KO
  • Dividend yield: 3.4%
  • Dividend payout ratio: 90%
  • 7-year annual dividend growth rate: 5.5%
  • Increased dividend annually since 1963
  • Dividend status list: Dividend King
  • The ex-dividend date for April dividend: Mid-March
  • Pays dividends in April, July, October, and December

First of all, Coke is a leading beverage company.  They own some of the world’s most well-known brands.  And their namesake product, Coca Cola, was created in 1886.

Furthermore, Coke’s initial public offering (IPO) of stock was on September 5, 1919.  The company started paying dividends in 1920.  And, has paid a dividend every quarter since then.

Finally, a quick fun-fact about Coke. Berkshire Hathaway is one of the largest shareholders of Coca-Cola stock.  As an investor, it’s good to know you have Warren Buffett on your side.

More reading about dividend stock Coca-Cola.

Genuine Parts Company

  • Stock symbol: GPC
  • Dividend yield: 3.1%
  • Dividend payout ratio: 60%
  • 7-year annual dividend growth rate: 6%
  • Increased dividend annually since 1956
  • Dividend status list: Dividend King
  • The ex-dividend date for April dividend: Early-March
  • Pays dividends in January, April, July, and October

Genuine Parts distributes automotive replacement parts. In addition to industrial replacement parts.  The company owns the NAPA brand.  GPC is an April dividend stock.  But there is more…

GPC is one of those great dividend stocks. It flys below most investor’s line of sight. The company just goes about doing its business.  And paying higher dividends every year.

More reading about dividend stock Genuine Parts Company.

Kimberly Clark

KMB dividend policy

Yet another one of our April dividend payers is Kimberly Clark.

  • Stock symbol: KMB
  • Dividend yield: 3.2%
  • Dividend payout ratio: 67%
  • 7-year annual dividend growth rate: 5%
  • Increased dividend annually since 1972
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for April dividend: Early March
  • Pays dividends in January, April, July, and October

First, Kimberly Clark produces and sells household products.  Diapers, tissues, and toilet paper are some examples.

Second, the demand for their products has increased. Because people are staying at home more.  We shall see how long that continues.

Finally, there is one more thing to know.  Kimberly Clark is a soon to be crowned Dividend King!

More reading about dividend stock Kimberly Clark.

Medtronic

  • Stock symbol: MDT
  • Dividend yield: 2.0%
  • Dividend payout ratio: 60%
  • 7-year annual dividend growth rate: 11%
  • Increased dividend annually since 1978
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for April dividend: Late March
  • Pays dividends in January, April, July, and October

Medtronic is a global healthcare company. In addition, they have made some big acquisitions in the past decade. To jump-start their growth.

More reading about dividend stock Medtronic.

Next up, let’s move into some consumer goods stocks that pay dividends in April.

Altria

  • Stock symbol: MO
  • Dividend yield: 8.2%
  • Dividend payout ratio: 80%
  • 7-year annual dividend growth rate: 9%
  • Increased dividend annually since 1969
  • Dividend status list: Dividend King
  • The ex-dividend date for April dividend: Late-March
  • Pays dividends in January, April, July, and October

No longer just a pure-play on the tobacco industry.  Altria has its hands in beer, wine, and cannabis too.  Most noteworthy, Altria has earned the right to be called a Dividend King.

More reading about dividend stock Altria.

Philip Morris

  • Stock symbol: PM
  • Dividend yield: 6%
  • Dividend payout ratio: 90%
  • 7-year annual dividend growth rate: 4.5%
  • Increased dividend annually since 2008
  • Dividend status list: Dividend Achiever
  • The ex-dividend date for April dividend: Mid-March
  • Pays dividends in January, April, July, and October

Philip Morris is a leading international tobacco company that pays April dividends. Also, management has increased dividends every year since its spinoff from Altria.

More reading about dividend stock Philip Morris.

Sysco

April dividend payers
  • Stock symbol: SYY
  • Dividend yield: 2.4%
  • Dividend payout ratio: 100%
  • 7-year annual dividend growth rate: 6%
  • Increased dividend annually since 1970
  • Dividend status list: Dividend King
  • The ex-dividend date for April dividend: Early April
  • Pays dividends in January, April, July, and October

Sysco is a global leader in distributing food and non-food products.  Their primary customers are restaurants, healthcare facilities, educational institutions, and lodging establishments.

The temporary shutdown of indoor dining during recent months has been a challenge for Sysco’s business.  Never the less, Sysco is a Dividend King.

More reading about dividend stock Sysco.

Walmart

Another of our April dividend-paying stocks is Walmart.

  • Stock symbol: WMT
  • Dividend yield: 1.5%
  • Dividend payout ratio: 40%
  • 7-year annual dividend growth rate: 2%
  • Increased dividend annually since 1974
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for April dividend: Mid-March
  • Pays dividends in January, April, June, and September

Walmart is a large retailer of goods and services.  It sells through both online channels. Also, its hundreds of bricks and mortar retail stores.

In recent years, Walmart’s dividend growth has slowed. The company has a greater dividend payment capacity. As seen in its modest dividend payout ratio. But management has decided to retain more cash for business investment.

More reading about dividend stock Walmart.

Realty Income

Realty Income for monthly dividends

Last, but not least, let’s move into the real estate sector.  Realty Income is one of the most consistent dividend-paying stocks.

  • Stock symbol: O
  • Dividend yield: 4.7%
  • Dividend payout ratio: 90%
  • 7-year annual dividend growth rate: 3.5%
  • Increased dividend annually since 1994
  • Dividend status: Dividend Aristocrat
  • The ex-dividend date for April dividend: Late March
  • Pays dividends every month of the year

Realty Income owns and rents out commercial properties.  Most importantly, Realty Income is known as the Monthly Dividend Company.

Yes.  The company pays dividends in April.  But it is one of the few high-quality stocks that pay dividends monthly.  So, do you want to make money from dividends each month? If yes, Realty Income is a good dividend stock to consider.

More reading about dividend stock Realty Income.

Okay. That concludes my review of 11 stocks that pay dividends in April.  This list does not represent all stocks that pay dividends in April. Just the ones I own and cover here at Dividends Diversify.

Looking to increase your April dividends?  Now you know some good stocks that pay dividends in April.  This group is a high-quality selection of Dividend Kings, Dividend Aristocrats, and Dividend Achievers.

Set them up in an IRA from M1 Finance. And let the dividends roll in.

The Metrics For These April Dividend Payers

But before we wrap up. Let’s touch on the dividend metrics that I highlighted for each company in more detail. Because it’s always a good idea to know how dividends and dividend investing works.

Dividend Yield On Stocks That Pay Dividends In April

April dividends

In dividend theory, the yield is a company’s annual dividend rate divided by the stock price per share.

Let’s use XYZ Company as an example.  I will assume that XYZ follows a quarterly dividend payment pattern. And until they say otherwise, XYZ will pay a 25 cent per share dividend every 3 months into the future.

The annual dividend rate is, therefore, $1 per share. Calculated as 4 quarterly dividends per year multiplied by 25 cents.

And let’s say XYZ stock is trading at $20 per share. So, we have a dividend yield of $1 annual dividend per share divided by $20. Or, a 5% dividend yield. That’s how dividend yield works.

But realize, dividend yields change every day.  Because they have an inverse relationship with a stock’s price.

So, as a stock price rises. Its dividend yield falls. And, vice-versa.

Higher yields can be tempting for building a monthly dividend income stream. But they can also indicate higher investment risk.

Dividend Payout Ratio For Stocks Paying Dividends In April

A company’s dividend payout ratio tells us a lot. First of all, the payout ratio tells us how much of a company’s financial resources are being paid out as dividends.

Furthermore, the dividend payout ratio gives us clues about dividend safety. And future dividend payment capacity.

You can look up the dividend payout ratios on the internet. But I prefer using a company’s financial statements.

I look at dividend payout ratios in 2 ways. First, dividends per share divided by earnings per share.

But the problem with using earnings are the accounting rules. They can be confusing. And lead to a poor assessment of a company’s dividend.  Not always. But sometimes.

So, I also check the dividends paid against free cash flow.  Since our dividends are paid and received in cash. And cash flow is not subject to accounting rules.

In either case, a lower dividend payout ratio is better.  It indicates the company has room to raise the dividend in the coming years.  Or, withstand an earnings drop. Without having to reduce the dividend.

Dividend History And Dividend Growth For These April Dividend Stocks

Looking at a company’s dividend history and growth is important. And today’s list of stocks is full of growth stocks that pay dividends. Also known as dividend growth stocks. They are excellent choices for earning an increasing stream of dividends.

First of all, the 7-year compound annual dividend growth rate. This metric tells us how fast the dividend has grown in recent years. Furthermore, there is the dividend increase history. How many consecutive years in a row the company has raised its dividend?

In either case, faster dividend growth rates and longer dividend histories are usually better.  They indicate the growth and sustainability of a company’s business.  And their commitment to paying dividends to shareholders over the long-term.

Dividend Kings, Aristocrats, And Achievers That Pay April Dividends

dividends payable in April

These lists of dividend stocks are great places to look for solid dividend-paying companies.  So, what are they?

First of all, we have the Dividends Kings.  They are companies that have paid and increased their dividends for at least 50 years in a row.

Furthermore, there are Dividend Aristocrats.  They represent companies trading in the S&P 500 stock index. Also, they have paid and increased their dividends for at least 25 consecutive years.

Finally, we have the list of Dividend Achievers.  They are dividend stocks that have paid increasing dividends for a minimum of 10 years in a row.

Stocks That Pay Dividends In April: Ex-Dividend Date

To receive a stock’s April dividend, you must make your purchase BEFORE the ex-dividend date.

Typically, a stock’s ex-dividend date falls in the month before it pays dividends.  The timing of each company’s ex-dividend date is different.  And the date can change with every dividend that is declared.

So be sure to check the company’s investor relations website for the exact date.  But I just wanted to give you a heads-up.

In most cases, be prepared to make your investment(s) no later than the first half of March. That is if you want to make money from dividends in April.

Regardless, I noted the approximate timing of the April ex-dividend date for each stock in the list. Just to give you an idea.

In a few cases, you will see the stocks going ex-dividend in early April.  That gives you a little more time to make your investments.

Finally, be sure to trade your stocks for free. I use the Webull app on my phone for quotes, research, and fast, free stock trades.

Stocks That Pay Dividends In January, April, July, and October

Of course, every stock on the list is an April dividend payer.  Furthermore, most of the listed stocks also pay dividends in January, April, July, and October.  They are stocks that pay dividends quarterly, starting in January.

On the other hand, in today’s list of stocks that pay dividends, you will find a couple of exceptions to this payment pattern. So, I pointed out each stock’s common stock dividend payment frequency for you.

Summary: 11 Stocks That Pay Dividends In April

11 stocks for April dividends

To wrap up, here is a summary list of 11 stocks that pay dividends in April.  If you want more dividends payable in April credited to your brokerage account, check into 1 or more of these companies. And fill out your dividend calendar today!

  • Automatic Data Processing
  • Cisco
  • Coca-Cola
  • Genuine Parts Company
  • Kimberly Clark
  • Medtronic
  • Altria
  • Philip Morris
  • Sysco
  • Walmart
  • Realty Income

Looking for more dividend stock ideas? Then check out the Simply Investing Report for dozens of excellent dividend stock recommendations. I’ve been a subscriber for many months. And love the concise analysis and monthly dividend stock recommendations Simply Investing provides.

Further Reading About Stocks That Pay Dividends

My Favorite Dividend Investing & Personal Finance Resources

Disclosure & Disclaimer: I am not a licensed investment adviser, financial adviser, or tax professional. And I am not providing you with individual investment advice, financial guidance, or tax counsel. Furthermore, this website’s only purpose is information & entertainment. And we are not liable for any losses suffered by any party because of information published on this blog.

I own all of the stocks that pay dividends in April from today’s list.