how to get robinhood dividends

7 Best Robinhood Dividend Stocks in 2022 for Passive Income

The following guide shows how to get Robinhood Dividend Stocks and also features the best dividend stocks.

Earning Robinhood Dividends is a great way to make passive income by simply buying a dividend-paying company and holding for the long term!

Some of the best dividend stocks on Robinhood include AT&T, Coca-Cola, Exxon Mobil, and others found in the list below.

At one point these companies were very Undervalued Stocks that have continued to reward investors long term.

Unlike Penny Stocks or Upcoming IPOs, dividend-paying stocks are typically more conservative and less risky investments.

Prior to diving into more dividend stocks and how to get Robinhood dividends, it’s important to understand what dividends are and why investors love them!

What Are Dividends?

As defined by Investopedia, a dividend is “the distribution of some of a company’s earnings to a class of its shareholders, as determined by the company’s board of directors.”

Dividends are payments made by publicly traded companies as a reward to investors for placing their money into their business.

what are dividends

Retail shareholders (investors) like ourselves of dividend-paying companies are usually eligible as long as they own the stock before the ex-dividend date.

Historically, companies that pay dividends are often “safer” investments due to their consistent cash flow, brand awareness, and large market share in a particular industry.

 

In addition to single stocks, there are many exchange-traded funds (ETFs) and mutual funds that also pay dividends to investors.

Investing in quality dividend-paying stocks, ETFs, and Index Funds is in fact one of the common trends among the world’s best investors, who are also dead:

Best Investors are Dead – Fidelity Study

The most popular industries that reward their shareholders with higher dividend payments include the following:

  • Telecom
  • Energy (oil and gas)
  • Consumer Staples
  • Utilities
  • Banks & Financial Institutions
  • Healthcare & Pharmaceuticals

Important Note: Before investing in dividend stocks on Robinhood, it’s important to know that companies can change their dividend yields or even cut dividends completely.

However, a company cutting its dividend payout is not always a negative sign.

Some of the main reasons companies have cut their dividends in the past include:

  • Economic downturns
  • Negative earnings
  • Company debt
  • Buybacks
  • Preparing for an acquisition
  • Shifting towards a “growth” strategy

While Robinhood is the most popular retail trading platform for dividend stocks, all of the stocks in this guide can be traded on any popular brokerage such as Vanguard, WeBull, Fidelity, TD Ameritrade, and others.

View the screenshots below for a step-by-step guide on how to get Robinhood Dividends.

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How to Get Robinhood Dividend Stocks

Robinhood dividend stocks are a great way to earn passive income! Follow this simple guide below for getting Robinhood Dividends.

1. Sign up for a Free Robinhood account – Click Here to Sign Up With Free Stock

2. After funding your account, click the search bar on top and enter “energy” or “telecom” as these industries have some of the highest paying dividend companies on the market.

Note: You can also find these options under Trending Lists.

Follow this simple guide below for getting Robinhood Dividends.

3. Next click the “Market Cap” column to sort from highest market cap to lowest. A company with a higher market cap generally pays a larger dividend.

Next click the "Market Cap" column to sort from highest market cap to lowest. A company with a higher market cap generally pays a larger dividend.

4. You can now purchase any dividend-paying stock you prefer!

You can now purchase any dividend-paying stock you prefer!

Dividend Reinvestment (DRIP)

After purchasing any dividend-paying company, Robinhood gives users the option for dividend reinvestment (DRIP). This automatically reinvests cash dividend payments back into the same stock/ETF.

To enable dividend reinvestment (DRIP) on Robinhood, click Account within the main menu then click Settings.

After purchasing any dividend-paying company, Robinhood gives users the option for dividend reinvestment (DRIP).

Next scroll down until you find Dividend Reinvestment under Investing and click the toggle to On.

That's it! You have successfully enabled dividend reinvestment (DRIP) on Robinhood.

That’s it! You have successfully enabled dividend reinvestment (DRIP) on Robinhood. Continue below for the best dividend stocks.

Best Robinhood Dividend Stocks

I recommend bookmarking this page to keep you up to date on the Best Dividend Stocks on Robinhood. This page is updated daily for your reference.

The following list was last updated on Thu, Jan, 27, 2022

As of this writing, all dividend stocks listed below are currently available for trading on Robinhood and other brokerages.

This is similar to our lists of 5G Penny Stocks, EV Penny Stocks, and Best Sports Betting Stocks.

The Robinhood dividend stocks below are ranked based on the following criteria:

  • Dividend Yield
  • Historical Performance
  • Market Cap
  • Industry
  • Company Outlook

robinhood free stock

Free Stock Promo: Robinhood is currently offering one Free Stock worth up to $165 for new users. Click the link below to get started!

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robinhood dividends at&t stock

1. AT&T (T)

AT&T (T) is one of the most popular dividend stocks among those earning Robinhood dividends. This telecom giant is headquartered in Dallas, TX.

This company currently pays a dividend yield of 7.20 percent and has a market cap exceeding $207 billion.

at&t best dividend stocks on robinhood

Industry: Telecom

Dividend Yield: 7.20%

Market Cap: $207.64B

coca cola dividend stock

2. Coca-Cola (KO)

Coca-Cola (KO) is probably the best-known dividend stock on this list. This global powerhouse is headquartered in Atlanta, GA.

Coca-Cola holds a dividend yield above 3 percent and its market cap towers over $239 billion!

ko stock

Industry: Food & Drink

Dividend Yield: 3.04%

Market Cap: $239.64B

best dividend stocks on robinhood exxonmobil

3. Exxon Mobil (XOM)

Exxon Mobil (XOM) is a massive energy company that has paid an impressive dividend yield to shareholders for several years. This company is based in Irving, TX.

As of this writing, Exxon Mobil pays a dividend yield of 5.38 percent and touts a market cap of over $273 billion.

exxon mobil robinhood dividends

Industry: Energy

Dividend Yield: 5.38%

Market Cap: $273.74B

robinhood dividends verizon stock

4. Verizon (VZ)

Verizon (VZ) is another huge telecom company that makes our list of best dividend stocks on Robinhood. They are based in New York.

Verizon pays a solid dividend yield of 4.43 percent and carries a market cap exceeding $236 billion as of this writing.

verizon stock

Industry: Telecom

Dividend Yield: 4.43%

Market Cap: $236.65B

robinhood dividends altria

5. Altria Group (MO)

Altria Group (MO) is a holding company that is involved in the manufacture and sale of cigarettes and tobacco products in the United States. They are based in Virginia.

The dividend yield of Altria Group currently sits at 7.18 percent with a market cap exceeding $92 billion.

mo dividend stock

Industry: Tobacco

Dividend Yield: 7.18%

Market Cap: $92.68B

irm dividend stock

6. Iron Mountain (IRM)

Iron Mountain (IRM) is a holding company that specializes in storage and information management solutions. They are headquartered in Boston, MA.

The dividend yield on this growing company sits at 5.73 percent and they have a market cap of $13.41 billion.

iron mountain stock

Industry: Security and Data

Dividend Yield: 5.73%

Market Cap: $13.41B

best dividend stocks on robinhood sphd

7. PowerShares S&P500 High Dividend ETF (SPHD)

The PowerShares S&P500 High Dividend Low Volatility ETF finishes our list of Robinhood dividend stocks. This fund is owned and managed by Invesco.

This exchange-traded fund (ETF) is very popular among Robinhood investors with a 4.01 percent dividend yield and 37 percent share price appreciation over the past year!

Some of the notable holdings within this ETF include Iron Mountain, ExxonMobil, Lumen Technologies, Chevron, Altria Group, and others.

sphd stock

Industry: N/A

Dividend Yield: 4.01%

Avg Market Cap: $65.49M

Note: Other popular dividend ETFs include Vanguard’s VYM and VIG funds.

Overall, these are the best Robinhood dividend stocks for 2022 and beyond. Always be sure to invest responsibly!

Refer to the video below for even more Robinhood dividend stock ideas.

 

You can also visit the Robinhood official website for more information on getting dividends within their platform.

Check out our most popular articles that have been read by thousands of unique visitors.

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Robinhood Dividend Stocks FAQ

How do you get Robinhood Dividend Stocks?

Getting Robinhood Dividends is a simple process outlined in this guide. You first need to sign up for a free Robinhood account, and we provide step-by-step instructions for getting dividends following registration.

What are the Best Robinhood Dividend Stocks?

The best dividend stocks on Robinhood are AT&T, Coca-Cola, ExxonMobil, Verizon, and others found in this guide.

What are Robinhood Dividends?

Dividends on Robinhood are payments made by publicly traded companies as a reward to investors for placing their money into their business.

Are Robinhood Dividend Stocks a Good Investment?

Dividend stocks have historically been safer investments due to their consistent cash flow, brand awareness, and large market share in a particular industry. Always be sure to assess the risk of any investment prior to buying.