May's Top Dividend Moves: The 3 Best Income Stocks to Buy Now

Group 1: Dividend Stocks Overview - Investors are focusing on dividend stocks for passive income and stability as of May 2024 [1] - High yield alone is not sufficient for optimal results in dividend investing [1] Group 2: Automatic Data Processing (ADP) - ADP is a leader in human capital management solutions and has significantly increased its dividend over the past decade [2] - The company reported a 7% year-over-year revenue increase to $5.3 billion and a 14% rise in net earnings to $1.2 billion for fiscal year 2023 [2] - Adjusted EBITDA margin improved by 140 basis points to 29.3%, indicating strong business performance [3] Group 3: PepsiCo (PEP) - PepsiCo is a major player in the consumer staples sector with a diverse product portfolio [4] - The company has maintained healthy profit margins and cash flows, supported by strong global brand recognition and pricing power [5] - PepsiCo has raised its dividend for 52 consecutive years, currently yielding 3.06% [5] Group 4: Goldman Sachs (GS) - Goldman Sachs has a consistent dividend payment history, making it an attractive option despite being an investment banking firm [6] - The company reported a 16% year-over-year revenue increase to $14.21 billion and a 32% rise in EPS to $11.58 for Q1 FY24 [7] - Assets under supervision grew by $36 billion to a record $2.85 trillion, with a current yield of 2.46% and a payout ratio of 42.95% [7]