Stocks That Pay Dividends In March: Cash In Now!

Best March Dividend Paying Stocks

Let’s find some good St. Patrick’s day money luck with stocks that pay dividends in March!

First of all, what is an important goal for a dividend investor?  It is to achieve a consistent stream of monthly dividends.

Furthermore, to hit this goal, it is key to know a stock’s dividend payment pattern.  Specifically, the month that each of its dividends is paid.

So, to help with your dividend calendar, I want to share some of my favorite stocks that pay dividends in March.

On the other hand, are you are looking for something a little different? Then check out this page for all of our dividend investing articles. Otherwise, here’s today’s list of stocks…

stocks that pay dividends in March

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

10 Stocks That Pay Dividends In March

Stocks for March dividends:

  • Johnson & Johnson
  • McDonald’s
  • Microsoft
  • NextEra Energy
  • Norfolk Southern
  • Southern Company
  • Target
  • United Parcel Service
  • Wisconsin Energy Group

We will review each of them a little later in the article.

First, do you need more March dividend ideas? Then check out this list of dividend stocks that also pay during the 3rd month of the year.

Before we review each stock on today’s list. Please consider these important points…

Why This List Of Stocks That Pay Dividends In March?

As I said, most dividend stock investors seek a steady amount of monthly dividend income

Whether you are retired and need dividends to pay bills.  Or, seeking financial freedom and trying to build a reliable passive dividend income stream for the future.

So, you not only need good stocks that pay dividends in your dividend portfolio.  But you need stocks that pay dividends during each month of the year.

Having some good March dividend payers to choose from is a step in the right direction.

Resource: Buy your stocks using the latest technology from Webull

But wait, it gets better…

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

how often do companies pay dividends

Of course, every stock on the list is a March dividend payer.  Furthermore, all of the listed stocks also pay dividends in June, September, and December.

They are stocks that pay dividends quarterly, starting in March each year.  This is a very popular dividend payment pattern. For U.S. based companies that pay dividends.

On the other hand, today’s list of stocks that pay dividends includes 1 March dividend payer that has a slightly different dividend payment schedule.  I will point out this exception a little later.

Resource: Manage all your extra cash from dividends fast and free with Personal Capital

And it gets better yet…

March Dividend Stocks That Pay Dividends & Increase Them Every Year

list of stocks paying dividends in March

These stocks not only pay dividends in March, June, September, and December.  But, they almost always increase their dividends annually.

So, your dividend in March of the next year will likely be higher than it was this year.  And you have very little to do to make that happen. Just buy and hold the stock.

And the same goes for the other dividend payment months. For example, next year’s September dividend will be higher than the September dividend. That was paid in the current year.

In this way, the company does all of the work for you.  It is the beauty of creating a growing stream of passive income from dividends.

We Are Talking About Dividend Growth Stocks

I value companies that increase dividends regularlySo, today’s list is full of high-quality dividend growth stocks.  Let me explain…

First of all, some of these stocks that pay dividends are Dividend Kings.  They have increased their dividends every year for at least 50 years in a row.

Furthermore, today’s list includes some other top stocks that pay dividends.  They are Dividend Aristocrats.  An Aristocrat has increased its dividend annually for at least 25 years in a row.

Finally, we also have some Dividend Achievers.  These blue-chip stocks that pay dividends have increased their payout for at least 10 years in a row and counting.

Resource: Save taxes on your dividends with an IRA from M1 Finance

How To Use This List Of Stocks That Pay Dividends In March

First of all, check your monthly dividend income.  Is March one of your lower months for receiving dividends?

Or maybe you just want to have more dividend income during this month to pay for your Saint Patrick’s Day party! I don’t know. But whatever your reason. Consider investing in one or more stocks from the list.

Before You Invest For More March Dividends…

March dividends

Never buy a stock just because it pays its dividend at a certain time.  It is far more important to buy the best stocks that pay dividends, regardless of when they pay.

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

After all, it’s your money.  So, make smart investments and manage your money wisely.

Helping With Your Research On March Dividend Stocks

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

Since I’m invested in these stocks I’ve done more research.  So, do any of these stocks interest you for investment purposes?  Then, just follow the link I have included for a more complete dividend stock analysis.

But again, think and invest for yourself.  Because it’s your money.  Hopefully, if you choose to read my dividend stock analysis, you will learn more about dividend investing and selecting dividend stocks for your investment portfolio.

Facts & Figures For Our March Dividend Payers

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

  • Company name
  • Stock symbol
  • Dividend yield
  • Dividend payout ratio
  • The 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 March dividend

Plus any thoughts or tips on the company and its stock that come to my mind.

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

Furthermore, 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.

Finally, a few words on dividend payout ratios. I prefer them to be based on accounting earnings. But sometimes earnings are not the best indicator of dividend coverage.  Or, a company’s dividend payment capacity. 

If that’s the case I compute the payout ratio using the company’s free cash flow. Cash is a great indicator of dividend payment capacity. Since dividends are paid with cash. Not accounting earnings.

One last point that do-it-yourself investors should know.  Before we move on to our list of stocks that pay dividends in March…

Stocks That Pay Dividends In March: Ex-Dividend Date

To receive a stock’s March dividend, you must make your investment before the ex-dividend date.

Typically, but not always, a stock’s ex-dividend date falls in the month before it pays dividends.  But the timing of each company’s ex-dividend date is different.

And the date can change with every dividend that is declared. Because each must be approved by the company’s board of directors.

So be sure to check the company’s investor relations website for the exact date.  If and when you are ready to add to your investment portfolio.  And want to receive the March dividend.

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

Are you a little behind? And too late for March dividends? Then check out this list of stocks paying dividends in April.

Regardless, as we go through each of these stocks paying dividends in March, I will note the approximate timing of the ex-dividend date that qualifies an investor for the March dividend.

In a few cases, you will see stocks from the list going ex-dividend in late-February or the early days of March.  In these cases, you have a little more time to make your investments to receive March dividends.  That is if you choose to invest.

Resource: The Simply Investing Report for more dividend stock analysis & recommendations

Next up, a brief review of these 10 stocks that pay dividends in March.

Johnson & Johnson

JNJ pays dividends in March
  • Stock symbol: JNJ
  • Dividend yield: 2.6%
  • Dividend payout ratio: 65%
  • 7-year annual dividend growth rate: 6%
  • Increased dividend annually since 1963
  • Dividend King
  • The ex-dividend date for the March dividend: mid-February

First of all, JNJ aspires to help millions of people live healthier lives through the development and sale of innovative health care products.

Furthermore, the company should benefit as the world’s population ages.  And people need and demand greater health care services and products.

Finally, JNJ’s brand recognition, product diversity, and complexity of the R&D underlying its products provide tremendous competitive advantages.

Related: JNJ stock and dividend analysis

McDonald’s

McDonald's is a Dividend Aristocrat
  • Stock symbol: MCD
  • Dividend yield: 2.5%
  • Dividend payout ratio: 80%
  • 7-year annual dividend growth rate: 7%
  • Increased dividend annually since 1976
  • Dividend Aristocrat
  • The ex-dividend date for the March dividend: late-February

McDonald’s was founded in 1940 and has become one of the world’s largest restaurant chains. Furthermore, McDonald’s brand is truly global. Because the “golden arches” are recognized internationally.

However, the majority of their restaurants are owned and operated by thousands of small and mid-sized operators. These business owners are known as franchisees.

More than 80% of restaurants worldwide are locally-owned franchises. And the count is even higher in the United States at more than 90%.

So, this may surprise you. McDonald’s makes most of its money from franchise fees.  Not by selling burgers and fries.

Related: McDonald’s dividend growth stock review

Microsoft

microsoft stock
  • Stock symbol: MSFT
  • Dividend yield: 1%
  • Dividend payout ratio: 35%
  • 7-year annual dividend growth rate: 12%
  • Increased dividend annually since 2002
  • Dividend Achiever
  • The ex-dividend date for the March dividend: mid-February

Microsoft emphasizes 3 primary business segments.

First, productivity & business processes. This area consists of Microsoft Office products and services, LinkedIn services and subscriptions, and Microsoft Dynamics business solutions.

The Intelligent cloud is composed of public, private, and hybrid server products and cloud services that power businesses.

More personal computing is a “catch-all” for other products and services. Sales of tablets, gaming devices, and personal computer accessories fall into this category.

Related: Microsoft stock review for total investment returns

NextEra Energy

NextEra Energy Logo

From a technology company to an electric utility. Yet another March dividend payer is NextEra.

  • Stock symbol: NEE
  • Dividend yield: 1.9%
  • Dividend payout ratio: 65%
  • 7-year annual dividend growth rate: 11%
  • Increased dividend annually since 1995
  • Dividend Aristocrat
  • The ex-dividend date for the March dividend: late-February

NextEra Energy is one of the largest electric power and energy infrastructure companies in North America.  The company is also a leader in the renewable energy sector.

NextEra has two primary businesses, Florida Power & Light (FPL) and NextEra Energy Resources (NEER).

FPL is the largest electric utility in the state of Florida. It is also one of the largest electric utilities in the U.S.

Also, NEER is the world’s largest generator of renewable energy. The energy comes from the wind and sun.

Related: My favorable experience with NextEra stock

Norfolk Southern

Norfolk Southern stock dividend
  • Stock symbol: NSC
  • Dividend yield: 1.6%
  • Dividend payout ratio: 50%
  • 7-year annual dividend growth rate: 9%
  • Increased dividend annually since 2017
  • The ex-dividend date for the March dividend: early-February

NSC operates approximately 19,500 miles of railroad. They do so in 22 states and the District of Columbia.  And serve every major container port in the eastern United States.

They also have the most extensive intermodal network in this region. And provide efficient connections to other rail carriers.

The company does not raise its dividend every year. So, it doesn’t qualify as a King, Aristocrat, or Achiever.

But over the long run, dividend growth is strong.  Just check out the 7-year dividend growth rate mentioned above.

Related: NSC stock, a freight comany paying dividends

Southern Company

utility stocks paying March dividends

Next up, Southern.  One of the best utility stocks that pay dividends.  And another Dividend Achiever on our list.

  • Stock symbol: SO
  • Dividend yield: 4.3%
  • Dividend payout ratio: 90%
  • 7-year annual dividend growth rate: 3.4%
  • Increased dividend annually since 2001
  • Dividend Achiever
  • The ex-dividend date for the March dividend: mid-February

Southern provides energy to customers in the United States through:

  • Electric operating companies
  • Natural gas distribution companies
  • A generation company serving wholesale customers in all states across American

Furthermore, Southern Company is a nationally recognized provider of energy solutions, as well as fiber optics and wireless communications.  The company’s service territories are focused in the Southeastern and Mid-South United States.

Related: Southern Company stock analysis & dividend review 

Target

  • Stock symbol: TGT
  • Dividend yield: 1.5%
  • Dividend payout ratio: 35%
  • 7-year annual dividend growth rate: 7.8%
  • Increased dividend annually since 1972
  • Dividend Aristocrat
  • The ex-dividend date for the March dividend: mid-February

Over the past few years, Target has transformed itself into a multichannel retailer.  And with consumers looking to consolidate their shopping trips. Or, order online. Target is in the right place at the right time.

Related: Target stock review: Is the company hitting its stride?

United Parcel Service

UPS stock dividend
  • Stock symbol: UPS
  • Dividend yield: 2.5%
  • Dividend payout ratio: 75%
  • 7-year annual dividend growth rate: 7.2%
  • Increased dividend annually since 2010
  • Dividend Achiever
  • The ex-dividend date for the March dividend: late-February

UPS is one of the world’s largest package delivery companies.   They are a leader in the U.S. less-than-truckload freight delivery segment also known as “LTL” for short.  And UPS is a premier provider of global supply chain management solutions.

UPS uses more than 500 planes and 100,000 vehicles to deliver millions of packages per day to residences and businesses around the world.

Related: UPS stock: benefiting from changes in consumer behavior

Wisconsin Energy Group

Next, another utility stock on today’s list of stocks that pay dividends in March.  It is Wisconsin Energy Group.

  • Stock symbol: WEC
  • Dividend yield: 3%
  • Dividend payout ratio: 70%
  • 7-year annual dividend growth rate: 8.3%
  • Increased dividend annually since 2004
  • Dividend Achiever
  • The ex-dividend date for the March dividend: mid-February

WEC, a Fortune 500 company, is one of the largest electric generation, distribution, and natural gas delivery holding companies in the United States.  This utility company provides energy services to more than 4.5 million customers in Wisconsin, Illinois, Michigan, and Minnesota.

WEC is an example of a multi-utility.  It does business through several energy companies and subsidiaries.

Related: WEC stock review: high quality dividend growth

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.

And I saved this stock for last because it is a monthly dividend stock. All of the other stocks we have reviewed pay dividends quarterly.

  • Stock symbol: O
  • Dividend yield: 4.7%
  • Dividend payout ratio: 90%
  • 7-year annual dividend growth rate: 3.8%
  • Increased dividend annually since 1994
  • Dividend Aristocrat
  • The ex-dividend date for March dividend: late-February

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 March.  And as I mentioned, it is one of the relatively few high-quality stocks that pay dividends monthly.

Do you want to make money from dividends every month?  Then Realty Income is a good dividend stock to consider.

Okay now. That concludes my review of 10 stocks that pay dividends in March.

Note that this list does not represent all stocks that pay dividends in March. Not even close. Just some of the good dividend stocks I own and cover here at Dividends Diversify.

Related: Monthly dividends from Realty Income stock

Summary: Stocks That Pay Dividends In March

March dividend paying stocks

First of all, are you looking to make a substantial dividend income?  Now you know some good stocks that pay dividends in March.

Furthermore, this group is represented by Dividend Kings and Dividend Aristocrats. Also, some Dividend Achievers too.

Finally, here is a summary list of stocks that pay dividends in March.  Do you want more dividends payable in March credited to your brokerage account? Then check out 1 or more of these companies for your investment dollars.

  • Johnson & Johnson
  • McDonald’s
  • Microsoft
  • NextEra Energy
  • Norfolk Southern
  • Southern Company
  • Target
  • United Parcel Service
  • Wisconsin Energy Group

Further Reading About Stocks That Pay Dividends

My Favorite Resources For Making Money With Dividends

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 March dividend-paying stocks on the list