Stocks that Pay Dividends in March, June, September, and December

Dividend Aristocrats And Other Top Stocks Paying Regular Dividends

Today, I would like to review 20 stocks that pay dividends in March, June, September, and December.

First of all, these dividend-paying companies are based in the United States. And, as a group, they have an impressive track record of increasing their dividends.

Furthermore, some are Dividend Aristocrats. Having increased their dividend payout for at least 25 years in a row.

Hence, many on today’s list are dividend growth stocks. And possible additions to a well-rounded dividend portfolio.

So, let’s check them out…

stocks that pay dividends in March, June, September, and December
Finding Dividend Stocks

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

20 Stocks That Pay Dividends in March, June, September, and December

  • American Electric Power (AEP)
  • Becton Dickinson (BDX)
  • Cummins (CMI)
  • Dominion (D)
  • Duke Energy (DUK)
  • Emerson Electric (EMR)
  • ExxonMobile (XOM)
  • International Business Machines (IBM)
  • Johnson & Johnson (JNJ)
  • McDonald’s (MCD)
  • Microsoft (MSFT)
  • NextEra Energy (NEE)
  • Norfolk Southern (NSC)
  • Raytheon Technologies (RTX)
  • Realty Income (O)
  • Southern Company (SO)
  • Target (TGT)
  • United Parcel Service (UPS)
  • Walgreens Boots Alliance (WBA)
  • Wisconsin Energy Group (WEC)

Why 20 dividend stocks?

Because 20 stocks spread across a variety of industries. Is a good number of dividend stocks to own!

Next, I will point out a few highlights about each of these companies and their stocks.

But first, are you are interested in a deeper dive into any one stock in particular?

Then you can find all of our in-depth dividend stock reviews. Plus, dozens of diverse dividend investing articles right here:

Dividend Stocks And Dividend Investing

Otherwise, stick with me now. For stocks that pay dividends in March, June, September, and December…

Search for Dividend Aristocrat stocks paying quarterly dividends
Working on my dividend portfolio

American Electric Power (AEP)

If slow and steady wins the race. Then AEP is going to win a lot of gold medals.

A regulated utility company. Primarily servicing customers with electricity. Located in Ohio in the Midwestern U.S.  And Texas in the South.

AEP has paid quarterly dividends dating back all the way to back to 1910. And has increased its dividend rate annually since 2010.

With a modest dividend payout ratio for a utility stock. There should be plenty more dividend increases in future years.

Becton Dickinson (BDX)

The company known as BD operates in the health care sector. Focusing on:

  • Medical supplies
  • Medical devices
  • Laboratory equipment
  • Diagnostic products

Typically, a lower-yielding dividend stock. With better than average dividend growth.

But because of the company’s growth through acquisition strategy. Dividend increases have been a little lower than I would prefer over the past few years. But, I see growth accelerating in future years.

Plus, BD has been increasing its dividend annually since 1972. Making it one of the long-time Dividend Aristocrats.

Cummins (CMI)

Cummins operates in the heavy equipment and automotive industry.  They design, manufacture, and sell engines. Powered by diesel and alternative forms of energy.

Industrial companies like Cummins. Can be a little tricky for us dividend investors.

Because they are exposed to the ups and downs of the economy. More so than stocks that produce electricity, food, or consumer staples.

That said, Cummins is known for solid financial management. And keeps a reasonable dividend payout ratio. Typically, below 50%.

Providing support for past, present, and future annual dividend increases. That started back in 2006.

Dominion (D)

Dominion produces, stores, and transports energy. Specifically, electricity and natural gas.

Their service territory is focused in the central and southeastern United States.

Once known for fast dividend growth. Dividend increases became unstainable due to an excessive dividend payout ratio. Resulting in a dividend reduction.

I’m always hesitant to own stocks that have a history of dividend cuts. On the other hand, the company looks better positioned now. To reestablish sustainable dividend growth moving forward.

Duke Energy (DUK)

Sticking with the power generation theme. We have Duke Energy, another quarterly dividend payer.

Duke is a provider of electricity and natural gas. Primarily in and around Kentucky, Tennessee, and the Carolinas.

The company has paid annual dividends to shareholders since 1927. With increases to the dividend rate per share every year since 2005.

Duke is one of the higher-yielding stocks on today’s list. But, you will find dividend growth is relatively slow. Specifically, investors can expect low single-digit percentage increases each year.

Emerson Electric (EMR)

Emerson is an industrial stock that pays dividends. Focused on automation solutions to help businesses operate more efficiently.

On the plus side, Emerson is a Dividend King.

Kings have increased their dividends every year for at least 50 years in a row. While Emerson’s annual dividend increases stretch back to 1957.

It’s hard to disregard a company with such a long and strong dividend history. On the other hand, EMR stock typically has a low dividend yield. And in recent years, dividend growth has been relatively slow.

ExxonMobile (XOM)

Next, we have ExxonMobile. An oil company. And another one of today’s Dividend Aristocrat stocks that pays dividends in March, June, September, and December.

XOM is part of an industry that has gone through so many ups and downs over the past several decades. Most recently as the world looks to alternative forms of energy. Versus fossil fuels.

With the most recent trend toward electric vehicles.

That said, oil is still going to be a big part of the world’s long-term energy consumption. Making ExxonMobile’s substantial dividend yield is hard to ignore.

International Business Machines (IBM)

IBM is now a smaller and hopefully faster-growing company.

Having completed the spin-off of its managed infrastructure services business. That goes by the name of Kyndryl.

It is well documented that revenue growth has been a struggle for IBM. While competing in the rapidly changing technology industry.

A relatively recent addition to the list of Dividend Aristocrats. IBM has been most recently known for its high dividend yield. And slowing dividend growth.

Here you can see a complete IBM stock analysis.

Johnson & Johnson (JNJ)

Johnson & Johnson is another company with a strategy of “addition by subtraction”.

By spinning off its consumer products segment. The company will look to focus its energy on higher risk and higher reward projects in its pharmaceutical and medical device businesses.

Despite the changes, I expect JNJ’s dividend to keep growing every year.

After all, the company is a Dividend King. With annual dividend increases dating back to 1963.

McDonald’s (MCD)

Founded in 1940, it’s hard to argue with the global brand power of McDonald’s.

As the fast-food giant seems to keep powering along. Leveraging its franchising model for robust profits and cash flow across the world.

Another one of today’s Dividend Aristocrat stocks. Since McDonald’s started paying dividends in 1976. And has increased the dividend payout rate every year since.

Here you will find much more on McDonald’s stock.

Microsoft (MSFT)

Some people gave Microsoft up for being dead money. As the stock price stagnated for nearly a decade. After the technology stock bubble burst in the early 2000s.

But the stock has been anything but dead money for the last 15 years. Powering to new all-time highs more frequently than not.

Most importantly, the company joined the ranks of dividend stocks in 2003. And has raised its dividend annually ever since.

With one of the lowest dividend yields of all of the stocks, we are discussing today. MSFT provides investors with excellent dividend growth.

Dig deeper here on Microsoft stock and the MSFT dividend.

NextEra Energy (NEE)

Speaking of outstanding dividend growth. Next, we have NextEra Energy.

The largest electric utility servicing the state of Florida. And the world’s largest producer of renewable energy produced by wind and the sun.

Not your typical stodgy utility stock. NEE maintains a lower than normal dividend payout ratio. While dishing out outstanding dividend growth year in and year out.

Another recently minted Dividend Aristocrat. NextEra has been doling out annual dividend increases since 1996.

Norfolk Southern (NSC)

More and more freight these days gets moved by rail. And Norfolk Southern operates in the center of it all.

With thousands of miles of rail. Across nearly 20 states.

NSC has paid regular quarterly stock dividends since 1982.  Never having missed a quarter.

While slowing the rate of dividend growth when the economy stumbles. But quickly resuming dividend increases when traffic volumes and its profits recover.

Exactly what I would expect from a well-managed. But an economically sensitive company paying dividends.

Raytheon Technologies (RTX)

Having recently merged with United Technologies. Raytheon is a force in the aerospace and defense business.

The company operates 4 main business segments that include:

  • Pratt & Whitney aircraft engines & auxiliary power units
  • Collins Aerospace & defense products
  • Intelligence, space & airborne systems
  • Integrated defense & missile systems

Plus, approving annual dividend increases dating back to 2005. Giving the company a solid dividend growth track record.

Realty Income (O)

A list of consistent dividend-paying stocks like this one is hardly complete. Without mentioning the real estate investment trust (REIT) known as Realty Income.

Not only is Realty Income one of the best companies that pay dividends in March, June, September, and December. But it does so in every other month of the year too.

Thus, developing its calling card of being “The Monthly Dividend Company”.

Supporting their recurring profit sharing through dividends with investors. Is the company’s underlying real estate business. Focused on blue-chip retail tenants in high visibility prime locations.

Southern Company (SO)

Next, we have Southern Company. Another collection of electricity operating companies and natural gas distribution businesses.

Southern’s service territories are focused in the Southeastern and Mid-South United States.

The company started increasing its dividend in 2002. And has increased it every year since then.

Similar to most of the utility stocks on today’s list. Southern stock provides investors with a higher dividend yield. But slower annual dividend growth.

A typical trade-off that is provided by many utility stocks.

Target (TGT)

Similar to its successful rivals, like Walmart. Target has evolved into an omnichannel retailer.

Attempting to service customers in a variety of ways. Such as…

  • Grocery delivery
  • Drive-up order pick up
  • In-store order pick up
  • In-store shopping
  • Shopping from their app
  • Ship from store

While servicing investors with dividends since it became a public company in 1967. Furthermore, management has increased the dividend annually starting in 1972.

United Parcel Service (UPS)

It’s hard to miss those brown trucks. Buzzing around delivering goods to you and your neighbors.

After all, UPS is the largest package delivery company in the world. And a leader in less-than-truckload (LTL) freight delivery. Also global supply chain solutions.

It’s hard to argue with the trend toward online shopping and home delivery. So, I won’t fight it with my investment dollars either.

Since the company has been paying regular dividends for decades. And more recently, increasing its dividend every year since 2010.

Walgreens Boots Alliance (WBA)

Walgreens might be your neighborhood pharmacy. But, they are attempting to become so much more.

Doing so by promoting their U.S. locations as local health destinations. Complete with full-service doctor offices.

It’s a big undertaking. As the company seeks to diversify away from its traditional pharmacy and retail convenience store operations.

While that is going on. You can be sure that this company is no slouch when it comes to paying dividends.

Since the company started paying dividends in 1934. And has increased the dividend rate every year since 1976.

That makes Walgreens you know what. Another Dividend Aristocrat!

Wisconsin Energy Group (WEC)

Last but not least. I have another utility stock for you.

Like so many utilities, WEC provides electricity and natural gas. This time to customers primarily located in Wisconsin, Illinois, Michigan, and Minnesota.

With a track record of paying quarterly dividends since 1942. And increasing those dividends every year since 2004.

Shows us the rich history of WEC, as a dividend growth stock.

Okay. That completes today’s list of high-quality stocks paying dividends in March, June, September, and December.

But, I have a little more…

Other Tips About Dividend Aristocrat Stocks That Pay Dividends In March, June, September, And December

Making dividends payable in March, June, September, and December
Fine tuning a dividend portfolio of stocks

So, hang with me for a couple more minutes. Since I’m not quite done yet…

Keeping Dividend Dates In Mind

If you are looking to build a steady monthly dividend income. For paying your bills or supplementing other income streams.

Then make sure some of your dividend stock investments payout during each month of the year.

The most typical payment patterns are:

  • Monthly payments
  • January, April, July, and October payments
  • February, May, August, and November payments
  • March, June, September, and December dividend payments

And if you want a stock’s next cash dividend. Make sure you invest before the stock’s ex-dividend date.

On the other hand, I strongly suggest never buying a stock solely based on when it pays dividends.

Metrics like dividend yield, dividend growth, dividend payout ratio are important too. When constructing your dividend portfolio.

Resources For Your Stocks That Pay March, June, September, And December Dividends

Finally, here are a few resources I have used to build out my portfolio of stocks that pay dividends.

Hopefully, one or more of these resources can help you too…

For high-quality stock recommendations delivered to your inbox every month. I like the Simply Investing Report. It covers hundreds of dividends stocks from the U.S and Canada.

For another stock-picking publication. With an outstanding long-term track record. You can’t go wrong with Stock Advisor from Motley Fool.

Then save on taxes. By stashing your dividend stocks in an Individual Retirement Account (IRA).

M1 Finance is a great place to open one. To allow your dividends to grow tax-deferred. Or tax-free in the case of a Roth IRA.

Finally, there is Personal Capital. A total money management tool.

For budgeting, expense management, and being able to see all of your entire financial life in one place online.

So, be sure to make the most of your money and investments. By checking out any of the above resources that best meet your needs.

Finally, allow me to wrap up with a few concluding thoughts…

20 Stocks That Pay Dividends in March, June, September, and December

Start building out your monthly dividend income stream with these stocks for March, June, September, and December dividends.

  • American Electric Power (AEP)
  • Becton Dickinson (BDX)
  • Cummins (CMI)
  • Dominion (D)
  • Duke Energy (DUK)
  • Emerson Electric (EMR)
  • ExxonMobile (XOM)
  • International Business Machines (IBM)
  • Johnson & Johnson (JNJ)
  • McDonald’s (MCD)
  • Microsoft (MSFT)
  • NextEra Energy (NEE)
  • Norfolk Southern (NSC)
  • Raytheon Technologies (RTX)
  • Realty Income (O)
  • Southern Company (SO)
  • Target (TGT)
  • United Parcel Service (UPS)
  • Walgreens Boots Alliance (WBA)
  • Wisconsin Energy Group (WEC)

And for deeper dives into any of these stocks. Plus dozens of other dividend investing articles.

Take a scroll through our dividend post archives.

In a matter of minutes, you will be able to find something to improve your dividend investing knowledge and skills.

conclusion of companies that pay dividends in March, June, September, and December

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 stocks in today’s article except for ExxonMobile.

Stocks That Pay Dividends in March, June, September, and December