2 Top Dividend Stocks to Buy in January

Dividend Stocks Overview - Dividend stocks have outperformed non-payers by more than two to one over the last 50 years [1] - Companies with growing dividends, such as Brookfield Renewable and Chevron, deliver the highest returns [2] Brookfield Renewable - Brookfield Renewable has grown its dividend at a 6% compound annual rate since 2001 and aims for 5% to 9% annual growth long-term [3] - The company's funds from operations (FFO) are expected to rise by 2% to 3% annually due to inflation-driven growth and 2% to 4% from higher-rate power purchase agreements [4] - Brookfield's renewable energy projects and accretive acquisitions could drive more than 10% annual FFO per-share growth for the next five years [5] - The company offers a dividend yield of over 5%, significantly higher than the S&P 500's 1 2% yield [5] Chevron - Chevron has increased its dividend for over 30 consecutive years, with more than 5% annual growth over the last five years [6] - The company is investing in high-return assets, targeting over 10% annual free cash flow growth through 2027 at $60 oil [7] - Chevron plans to fund its capital program, grow dividends, and repurchase shares within a$10 billion to $20 billion annual target range [7] - The potential acquisition of Hess could more than double Chevron's free cash flow by 2027 at$70 oil, further supporting dividend growth [8] Conclusion - Brookfield Renewable and Chevron are top dividend growth stocks with strong records and high yields, making them attractive investments [9]