12 Stocks that Pay Dividends in January: Cash in Now!

Pinterest Facebook X Reddit LinkedIn Flipboard

My Favorite January Dividend Paying Stocks

Invest in stocks that pay dividends in January to increase your income at the beginning of the year. I recommend these stocks because I have hand-picked them for my dividend portfolio.

Stocks That Pay Dividends In January

Company	Symbol	S&P 500 Sector
1. Altria	MO	Consumer staples
2. Automatic Data Processing	ADP	Industrials
3. Cisco	CSCO	Technology
4. Genuine Parts Company	GPC	Consumer discretionary
5. Illinois Tool Works	ITW	Industrials
6. Kimberly Clark	KMB	Consumer staples
7. Medtronic	MDT	Health Care
8. PepsiCo	PEP	Consumer staples
9. Philip Morris	PM	Consumer staples
10. Realty Income	O	Real estate
11. Sysco	SYY	Consumer staples
12. Walmart	WMT	Consumer staples

Table 1: 12 Stocks That Pay January Dividends

Next, I will highlight several essential points about why I like these outstanding companies that pay dividends in January.

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

1. Altria

Stock symbol: MO
20-year annual average dividend growth rate: 5%
Increased dividend annually since 1970
The ex-dividend date for the January dividend is mid-December.

Altria is no longer a pure play on the tobacco industry. Altria’s business extends into beer and cannabis, making it a genuine sin stock.

Most noteworthy, Altria has earned the right to be called a Dividend King.

2. Automatic Data Processing

Stock symbol: ADP
20-year annual average dividend growth rate: 12%
Increased dividend annually since 1975
The ex-dividend date for the January dividend: early-December

ADP provides payroll processing and human capital management services for its clients. The company has attained the status of a Dividend Aristocrat.

3. Cisco

Stock symbol: CSCO
Annual average dividend growth rate: 13%
Increased dividend annually since 2011
The ex-dividend date for the January dividend is early January.

Cisco is a dominant player in computer networking equipment and services. The company has earned Dividend Achiever status.

4. Genuine Parts Company

Stock symbol: GPC
20-year annual average dividend growth rate: 6%
Increased dividend annually since 1957
The ex-dividend date for the January dividend – late November

Genuine Parts Company is a distributor of automotive replacement parts and industrial replacement parts. The company owns the NAPA brand.

GPC is a January dividend stock and a Dividend King. I find it’s one of those great dividend stocks that fly below most investors’ line of sight.

The company quietly continues its business and pays investors higher yearly dividends.

5. Illinois Tool Works

ITW is another Dividend King on today’s list of January dividend payers. I love the company’s consistently high annual dividend growth as an investor.

Stock symbol: ITW
20-year annual average dividend growth rate: 13%
Increased dividend annually since 1970
The ex-dividend date for the January dividend – late December

6. Kimberly Clark

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

Stock symbol: KMB
20-year annual average dividend growth rate: 6%
Increased dividend annually since 1973
The ex-dividend date for the January dividend is early December.

Kimberly Clark produces and sells household products. Diapers, tissues, and toilet paper are a big part of their product lineup.

The demand for their products increased while people stayed home during the pandemic. Fortunately, that trend is over for now.

Kimberly Clark is a Dividend Aristocrat stock and has recently earned Dividend King status.

7. Medtronic

Medtronic is a global healthcare solutions company and another Dividend Aristocrat.

Stock symbol: MDT
20-year annual average dividend growth rate: 12%
Increased dividend annually since 1978
The ex-dividend date for the January dividend is mid-December

Next, let’s move into several consumer goods stocks that pay dividends in January.

8. PepsiCo

One of the best stocks that pay dividends is Pepsi.

Stock symbol: PEP
20-year annual average dividend growth rate: 10%
Increased dividend annually since 1973
The ex-dividend date for the January dividend is late-November.

PepsiCo is one of the world’s leading beverage and snack food companies. It was established through the merger of Pepsi-Cola and Frito-Lay.

Pepsi is another Dividend King.

However, the company does not follow the typical dividend payment pattern of the other quarterly dividend stocks that pay dividends in January, April, July, and October. Pepsi pays in January, March, June, and September, making it a unique January dividend-paying stock.

9. Philip Morris

Stock symbol: PM
Long-term annual average dividend growth rate: 6%
Increased dividend annually since 2008
The ex-dividend date for the January dividend: Mid-December

Philip Morris is a leading international tobacco company that pays January dividends. Also, management has increased dividends yearly since its 2008 spinoff from Altria.

The company is a January dividend payer and one of the up-and-coming dividend growth stocks known as Dividend Achievers.

10. Realty Income

Next, let’s move into the real estate sector to discuss Realty Income, one of the most consistent dividend-paying stocks.

Stock symbol: O
20-year annual average dividend growth rate: 4%
Increased dividend annually since 1994
The ex-dividend date for the January dividend is late December.

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 January. However, it is one of the relatively few high-quality stocks that pay dividends monthly.

So, if you want to make money from dividends regularly, Realty Income is a good dividend stock to consider.

11. Sysco

Stock symbol: SYY
20-year annual average dividend growth rate: 8%
Increased dividend annually since 1970
The ex-dividend date for the January dividend is early January.

Sysco is a global leader in food service. The company sells, markets, and distributes food and non-food products. Restaurants, healthcare facilities, educational institutions, and lodging establishments are primary customers.

The temporary shutdown of dining establishments during the pandemic hurt Sysco’s business. Nevertheless, Sysco is a Dividend King. And business has recovered nicely along with the U.S. economy.

12. Walmart

The next one of our January dividend-paying stocks is Walmart.

Stock symbol: WMT
20-year annual average dividend growth rate: 10%
Increased dividend annually since 1974
The ex-dividend date for the January dividend is early December.

Walmart is a large retailer of goods and services. The company sells through both online channels and its hundreds of brick-and-mortar retail stores.

Most noteworthy, Walmart is a long-time Dividend Aristocrat and recently became a Dividend King with at least 50 years of consecutive annual dividend increases.

Walmart pays dividends in January, April, June, and September. This payment schedule slightly deviates from the typical pattern of the other quarterly dividend stocks discussed today.

Okay. That concludes my review of 12 stocks paying dividends in January. But stick with me. I have a few other things to cover.

Investing For January Dividends: Things To Consider And Some Great Resources

Remember and consider the following points and resources.

Dividend Payment Patterns

Knowing a stock’s dividend payment pattern is essential for building a consistent monthly stream of dividend income.

Most of today’s stocks pay dividends in January, April, July, and October. Pepsi, Realty Income, and Walmart are the notable exceptions.

Dividend Growth Stocks

Each of these January dividend stocks increases their dividends every year. Thus, they are known as dividend growth stocks.

Dividend Kings And Aristocrats

Most of today’s stocks are Dividend Aristocrats and Dividend Kings, having increased dividends annually for at least 25 and 50 years, respectively.

Use The Best Tools For Your Dividend Investment Research

I never buy a stock because it pays its dividend at a specific time. Purchasing safe, growing companies that pay dividends regardless of when is far more critical.

First, learn all you can about dividend investing.

I recommend the Financial Freedom Dividend Investing Course from Simply Investing.

Second, choose your stocks wisely and monitor them frequently.

For this, I like using the Simply Investing Report and Analysis Platform.

Finally, you can access all of my dividend-investing resources here:

Dividend stock resources from Dividends Diversify

A Final Word About Stocks That Pay Dividends In January: Ex-Dividend Date

To receive a stock’s January dividend, you must invest before the stock’s ex-dividend date. Typically, a stock’s ex-dividend date falls in the month BEFORE it pays dividends.

However, the timing of each company’s ex-dividend date is different. And the date can change with every dividend that is declared. So check the company’s investor relations website for the exact date.

Companies That Pay Dividends In January