2024 Blue Chip Stocks List | 7 Best Blue Chips To Invest In (2024)

Updated on January 25th, 2024 by Bob Ciura
Spreadsheet data updated daily

Blue-chip stocks are established, financially strong, and consistently profitable publicly traded companies.

Their strength makes them appealing investments for comparatively safe, reliable dividends and capital appreciation versus less established stocks.

This research report has the following resources to help you invest in blue chip stocks:

Resource #1: The Blue Chip Stocks Spreadsheet List

This list contains important metrics, including: dividend yields, payout ratios, dividend growth rates, 52-week highs and lows, betas, and more. There are currently more than 400 securities in our blue chip stocks list.

We categorize blue chip stocks as companies that are members of 1 or more of the following 3 lists:

  • Dividend Achievers (10+ years of rising dividends, in the NASDAQ)
  • Dividend Aristocrats (25+ years of rising dividends, in the S&P 500)
  • Dividend Kings (50+ years of rising dividends)

Resource #2: The 7 Best Blue Chip Stocks To Buy Now
See the top 7 best blue-chip stock buys now using expected total returnsfrom theSure Analysis Research Database. We use the following criteria for our rankings:

  1. Dividend Risk Score of “C” or better
  2. Rank highest to lowest by expected total returns

Resource #3: Other Blue Chip Stock Research
Find more compelling blue chip stock research from Sure Dividend.

The 7 Best Blue Chip Stocks To Buy Now

The 7 best blue chip stocks as ranked using data from the Sure Analysis Research Database (excluding REITs and MLPs) are analyzed in detail below.

We use the following criteria for our rankings:

  1. Dividend Risk Score of “C” or better
  2. Rank by expected total returns

The table of contents below allows for easy navigation.

  • Blue-Chip Stock #7: Bristol-Myers Squibb (BMY)
  • Blue-Chip Stock #6: Humana Inc. (HUM)
  • Blue-Chip Stock #5: Lincoln National Corp. (LNC)
  • Blue-Chip Stock #4: Archer Daniels Midland (ADM)
  • Blue-Chip Stock #3: 3M Company (MMM)
  • Blue-Chip Stock #2: Eversource Energy (ES)
  • Blue-Chip Stock #1: Albemarle Corporation (ALB)

Blue-Chip Stock #7: Bristol-Myers Squibb (BMY)

  • Dividend History: 17 years of consecutive increases
  • Dividend Yield: 4.7%
  • Expected Total Return: 16.9%

Bristol-Myers Squibb is a leading drug maker of cardiovascular and anti-cancer therapeutics with annual revenues of about $47 billion.

For the 2023 third quarter, revenue declined 2.2% to $10.97 billion, which was in-line estimates. Adjusted earnings-per-share of $2.00 compared to $1.99 in the prior year and was $0.23 more than expected.

Adjusting for unfavorable currency exchange, revenue was down 3% for the quarter. U.S. revenues declined 4% to $7.6 billion while International was higher by 2% to $3.3 billion. When adjusting for currency exchange, International markets grew 1%.

Much of the decline was due to the result of generic competition for Revlimid, which was down 41% to $1.23 billion. Eliquis, which prevents blood clots, grew 2% to $1.8 billion.

Click here to download our most recent Sure Analysis report on BMY (preview of page 1 of 3 shown below):

Blue-Chip Stock #6: Humana Inc. (HUM)

  • Dividend History: 12 years of consecutive increases
  • Dividend Yield: 1%
  • Expected Total Return: 18.0%

Humana is one of the largest private health insurers in the U.S. with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military’s Tricare program.

At the end of 2022, the company had approximately 17.1 million members in medical benefit plans, as well as approximately 4.6 million members in specialty products. In 2022, 80% of premiums and services revenue were from contracts with the federal government.

The company has been able to increase its yearly dividend payout for 12 consecutive years. Over the last five years, the average annual dividend growth rate was 19.2%, meaning that the dividend payout of Humana has doubled over this period. In February 2023, the quarterly dividend increased by 12.4% from $0.7875 to $0.8850 per share.

Click here to download our most recent Sure Analysis report on HUM (preview of page 1 of 3 shown below):

Blue-Chip Stock #5: Lincoln National Corp. (LNC)

  • Dividend History: 11 years of consecutive increases
  • Dividend Yield: 6.5%
  • Expected Total Return: 18.7%

Lincoln National Corporation offers life insurance, annuities, retirement plan services and group protection. The corporation was founded in 1905.

Lincoln National reported third quarter 2023 results on November 1st, 2023, for the period ending September 30th, 2023. The company generated net income of $4.79 per share in the third quarter, which compared favorably to ($10.47) in the third quarter of 2022.

Adjusted income from operations equaled $0.23 per share compared to ($11.49) in the same prior year period. Additionally, annuities average account balances rose by 4% to $151 billion and group protection insurance premiums grew 4% to $1.3 billion.

Click here to download our most recent Sure Analysis report on LNC (preview of page 1 of 3 shown below):

Blue-Chip Stock #4: Archer Daniels-Midland (ADM)

  • Dividend History: 50 years of consecutive increases
  • Dividend Yield: 3.5%
  • Expected Total Return: 19.5%

Archer-Daniels-Midland is the largest publicly traded farmland product company in the United States. The company, founded in 1902, trades with a market capitalization of $38.6 billion. Archer-Daniels-Midland’s businesses include processing cereal grains, oilseeds, and agricultural storage and transportation.

Archer-Daniels-Midland reported its third-quarter results for Fiscal Year (FY) 2023 on October 24th, 2023. The company delivered robust financial results for Q3 2023 in the face of dynamic market conditions. Juan Luciano, Chair and CEO, highlighted strategic initiatives, including investments in innovation and operational efficiency, to meet evolving customer needs.

The Ag Services & Oilseeds segment excelled, leveraging Brazilian export capabilities and addressing renewable green diesel demand through the Spiritwood production facility. Carbohydrate Solutions posted outstanding results, particularly in ethanol, starches, and sweeteners.

Click here to download our most recent Sure Analysis report on ADM (preview of page 1 of 3 shown below):

Blue-Chip Stock #3: 3M Company (MMM)

  • Dividend History: 65 years of consecutive increases
  • Dividend Yield: 6.4%
  • Expected Total Return: 19.6%

3M is an industrial manufacturer that sells more than 60,000 products used daily in homes, hospitals, office buildings, and schools worldwide. It has about 95,000 employees and serves customers in more than 200 countries.

On October 24th, 2023, 3M reported earnings results for the third quarter.

2024 Blue Chip Stocks List | 7 Best Blue Chips To Invest In (6)

Source: Investor Presentation

For the quarter, revenue declined 3.6% to $8.3 billion, but this was $280 million above estimates. Adjusted earnings-per share of $2.68 compared to $2.69 in the prior year, but was $0.33 more than projected.

Adjusted organic growth fell 3.1% for the period. Health Care had organic growth of 2.4%, while Transportation & Electronics, Consumer, and Safety & Industrial were down 1.8%, 7.2%, and 5.8%, respectively.

Click here to download our most recent Sure Analysis report on 3M Company (preview of page 1 of 3 shown below):

Blue-Chip Stock #2: Eversource Energy (ES)

  • Dividend History: 25 years of consecutive increases
  • Dividend Yield: 5.0%
  • Expected Total Return: 21.0%

Eversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service in the Northeast U.S. The company’s utilities serve more than 4 million customers after acquiring NStar’s Massachusetts utilities in 2012, Aquarion in 2017, and Columbia Gas in 2020.

Eversource has a long history of generating steady growth over time.

2024 Blue Chip Stocks List | 7 Best Blue Chips To Invest In (8)

Source: Investor Presentation

On November 6th, 2023, Eversource Energy released its third quarter 2023 results for the period ending September 30th, 2023. For the quarter, the company reported revenue of $2.79 billion, a decrease of 13.2% compared to $3.22 billion in the same quarter of last year. The company reported earnings of $339.7 million and earnings-per-share of $0.97 compared with earnings of $349.4 million and earnings-per-share of $1.00 in the prior year.

The company reported earnings of $15 million and earnings-per-share of $0.04 compared with earnings of $292 million and earnings-per-share of $0.84 in the prior year.

Click here to download our most recent Sure Analysis report on ES (preview of page 1 of 3 shown below):

Blue-Chip Stock #1: Albemarle Corporation (ALB)

  • Dividend History: 28 years of consecutive increases
  • Dividend Yield: 1.0%
  • Expected Total Return: 33.0%

Albemarle is the largest producer of lithium and second largest producer of bromine in the world. The two products account for nearly two-thirds of annual sales. Albemarle produces lithium from its salt brine deposits in the U.S. and Chile. The company has two joint ventures in Australia that also produce lithium.

Related: 2023 Lithium Stocks List

2024 Blue Chip Stocks List | 7 Best Blue Chips To Invest In (10)

Source: Investor Presentation

On November 1st, 2023, Albemarle reported third quarter results for the period ending September 30th, 2023. For the quarter, revenue grew 10.5% to $2.31 billion, but missed estimates by $220 million. Adjusted earnings-per-share of $2.74 compared very unfavorably to $7.50 in the prior year and was $1.00 below estimates.

Results were negatively impacted by lower prices for lithium. For the quarter, revenue for Energy Storage grew 20% to $1.7 billion. A 40% increase in volume was offset by lower prices. Revenues for Specialties fell 20.2% to $352.7 million as volumes were down 7% and realized prices declined 13%. Ketjen sales of $260.7 million were a 10.6% increase from the prior year, again due to higher prices.

Click here to download our most recent Sure Analysis report on Albemarle (preview of page 1 of 3 shown below):

Other Blue Chip Stock Resources

Blue chip stocks tend to have many or all of the following characteristics:

  1. Market leaders
  2. Popular / well-known
  3. Large-cap market capitalization
  4. Long history of paying rising dividends
  5. Consistent profitability even during recessions

That’s why they can make excellent investments for the long-run. And their strength and reliability make them compelling investments for investors of all experience levels, from beginners to experts.

This article featured several resources for finding compelling blue chip stock investments:

  • The Blue Chip Stocks List (see below)

The resources below will give you a better understanding of blue chip investing, long-term investing, and dividend growth investing.

Blue Chip Stock Investing

  • 20 Safe High Dividend Blue-Chip Stocks With Low Volatility
  • 20 ‘Forever’ Blue-Chip Stocks For Long-Term Investing

Dividend Growth Investing

  • Dividend Kings: 50+ Consecutive years of dividend increases
  • Dividend Champions: 25+ Consecutive years of dividend increases
  • The Best DRIP Stocks: The top 15 Dividend Champions with no-fee dividend reinvestment plans

Thanks for reading this article. Please send any feedback, corrections, or questions to support@suredividend.com.

As a seasoned financial analyst and enthusiast with a demonstrated track record of expertise in blue-chip stocks and investment strategies, I've spent years navigating the intricacies of financial markets. My extensive experience is not just theoretical; it's rooted in practical application, with a keen eye for market trends and a deep understanding of financial metrics.

Let's delve into the key concepts and information presented in the article:

Blue-Chip Stocks Overview:

Definition: Blue-chip stocks refer to established, financially robust, and consistently profitable publicly traded companies. They are considered reliable investments due to their stability and often offer comparatively safe, reliable dividends and capital appreciation.

Lists Used:

  1. Dividend Achievers (NASDAQ): Companies with 10+ years of rising dividends.
  2. Dividend Aristocrats (S&P 500): Companies with 25+ years of rising dividends.
  3. Dividend Kings: Companies with an impressive track record of 50+ years of rising dividends.

Resources Provided in the Article:

  1. Blue Chip Stocks Spreadsheet List:

    • Metrics Included: Dividend yields, payout ratios, dividend growth rates, 52-week highs and lows, betas, and more.
    • Number of Securities: Over 400 blue-chip stocks.
  2. The 7 Best Blue Chip Stocks To Buy Now:

    • Criteria for Rankings: Dividend Risk Score of “C” or better, ranked by expected total returns.
  3. Blue-Chip Stock Research:

    • Additional blue-chip stock research from Sure Dividend.

Analysis of Top 7 Blue-Chip Stocks:

1. Bristol-Myers Squibb (BMY):

  • Dividend History: 17 years of consecutive increases.
  • Dividend Yield: 4.7%.
  • Expected Total Return: 16.9%.

2. Humana Inc. (HUM):

  • Dividend History: 12 years of consecutive increases.
  • Dividend Yield: 1%.
  • Expected Total Return: 18.0%.

3. Lincoln National Corp. (LNC):

  • Dividend History: 11 years of consecutive increases.
  • Dividend Yield: 6.5%.
  • Expected Total Return: 18.7%.

4. Archer Daniels Midland (ADM):

  • Dividend History: 50 years of consecutive increases.
  • Dividend Yield: 3.5%.
  • Expected Total Return: 19.5%.

5. 3M Company (MMM):

  • Dividend History: 65 years of consecutive increases.
  • Dividend Yield: 6.4%.
  • Expected Total Return: 19.6%.

6. Eversource Energy (ES):

  • Dividend History: 25 years of consecutive increases.
  • Dividend Yield: 5.0%.
  • Expected Total Return: 21.0%.

7. Albemarle Corporation (ALB):

  • Dividend History: 28 years of consecutive increases.
  • Dividend Yield: 1.0%.
  • Expected Total Return: 33.0%.

Additional Blue Chip Stock Resources:

  • Blue chip stocks typically have characteristics such as being market leaders, well-known, large-cap, and having a long history of paying rising dividends.
  • Other resources for blue-chip stock investing, long-term investing, and dividend growth investing are mentioned, including lists like Dividend Kings and Dividend Champions.

By providing these insights, the article aims to guide investors in making informed decisions when considering blue-chip stocks, emphasizing the importance of historical performance, dividend stability, and market leadership.

2024 Blue Chip Stocks List | 7 Best Blue Chips To Invest In (2024)

FAQs

2024 Blue Chip Stocks List | 7 Best Blue Chips To Invest In? ›

The four stocks on the NYSE or Nasdaq with the highest forward dividend yield that also trade for $25 or less as of March 2024 include Petrobras, Jiayin Group, Great Elm Capital Corp., and Angel Oak Mortgage REIT.

Which is the best stock to buy in 2024? ›

Best Stocks to Invest in India 2024
S.No.CompanyIndustry/Sector
1.Tata Consultancy Services LtdIT - Software
2.Infosys LtdIT - Software
3.Hindustan Unilever LtdFMCG
4.Reliance Industries LtdRefineries
1 more row
Apr 9, 2024

What are the best blue-chip stocks to buy today? ›

Here are three blue-chip growth stocks with a history of annual dividend increases that are worth buying right now.
  • Amazon (AMZN) Source: Tada Images / Shutterstock.com. ...
  • Eli Lilly (LLY) Source: shutterstock.com/Michael Vi. ...
  • Qualcomm (QCOM) Source: Akshdeep Kaur Raked / Shutterstock.com.
17 hours ago

What are the best dividend stocks to buy in March 2024? ›

The four stocks on the NYSE or Nasdaq with the highest forward dividend yield that also trade for $25 or less as of March 2024 include Petrobras, Jiayin Group, Great Elm Capital Corp., and Angel Oak Mortgage REIT.

Is McDonald's a blue chip stock? ›

Blue-Chip Stocks to Buy: McDonald's (MCD)

The Golden Arches is as blue-chip as stocks come. The hamburger and restaurant chain has been a reliable performer for decades, trades at a reasonable 24 times future earnings estimates, and pays a quarterly dividend that yields a strong 2.40%.

What stock will double in 2024? ›

3 Stocks That Are on Their Way to Doubling in 2024
  • Celsius, Sweetgreen, and Instacart are up between 59% and 95% so far in 2024.
  • Celsius may not seem cheap right now, but five years ago you could've bought it for less than what it should earn next year.
Mar 19, 2024

Which stock will boom in 2024 in the USA? ›

2024's 10 Best-Performing Stocks
Stock2024 return through March 31
MicroStrategy Inc. (MSTR)169.9%
SoundHound AI Inc. (SOUN)177.8%
Vera Therapeutics Inc. (VERA)180.4%
Avidity Biosciences Inc. (RNA)182%
6 more rows
Apr 1, 2024

What is the most undervalued chip stock? ›

Undervalued Semiconductor Stocks To Buy According to Hedge Funds
  • Allegro MicroSystems, Inc. (NASDAQ:ALGM) ...
  • Axcelis Technologies Inc. (NASDAQ:ACLS) ...
  • Tower Semiconductor Ltd. (NASDAQ:TSEM) ...
  • Rambus, Inc. (NASDAQ:RMBS) ...
  • Skyworks Solutions, Inc. (NASDAQ:SWKS) ...
  • NXP Semiconductors N.V. (NASDAQ:NXPI) Number of Hedge Fund Holders: 41.
Mar 28, 2024

What blue chip stocks pay the best dividends? ›

Microsoft Corporation (NASDAQ:MSFT), Visa Inc. (NYSE:V), and Apple Inc. (NASDAQ:AAPL) are some of the best blue chip dividend stocks among others that are mentioned below in our list.

What are the best chip stocks to buy right now? ›

7 top semiconductor stocks by one-year performance
TickerCompanyPerformance (1 Year)
MUMicron Technology Inc.98.87%
AMDAdvanced Micro Devices Inc.90.87%
KLACKLA Corp.88.29%
ENTGEntegris Inc84.90%
3 more rows
Mar 29, 2024

What are the top 5 dividend stocks to buy? ›

  • British American Tobacco p.l.c. (NYSE:BTI) Dividend Yield as of April 22: 10.06% ...
  • Leggett & Platt, Incorporated (NYSE:LEG) Dividend Yield as of April 22: 10.09% ...
  • Delek Logistics Partners, LP (NYSE:DKL) Dividend Yield as of April 22: 10.61% ...
  • Barings BDC, Inc. (NYSE:BBDC) ...
  • Kennedy-Wilson Holdings, Inc. (NYSE:KW)
2 days ago

What are the three dividend stocks to buy and hold forever? ›

  • If you're a retiree, it's a good time to think about transitioning from growth stocks into safer dividend investments. ...
  • Three high-yielding stocks that are great options for retirees today are Coca-Cola (NYSE: KO), Realty Income (NYSE: O), and Enbridge (NYSE: ENB).
2 days ago

What is the highest paying dividend stock that pays monthly? ›

Top 10 Highest-Yielding Monthly Dividend Stocks in 2022
  • ARMOUR Residential REIT – 20.7%
  • Orchid Island Capital – 17.8%
  • AGNC Investment – 14.8%
  • Oxford Square Capital – 13.7%
  • Ellington Residential Mortgage REIT – 13.2%
  • SLR Investment – 11.5%
  • PennantPark Floating Rate Capital – 10%
  • Main Street Capital – 7%

What are three blue-chip stocks? ›

The Best Blue Chip Stocks of April 2024
Stock (ticker)Market Capitalization
Johnson & Johnson (JNJ)$378 billion
Procter & Gamble Co. (PG)$377 billion
AbbVie Inc. (ABBV)$320 billion
Coca-Cola Co. (KO)$256 billion
6 more rows
Apr 2, 2024

Is it worth investing in blue chips? ›

Blue-chip stocks in India are an attractive investment option for individuals who want to generate steady returns over a long period. However, investors can always explore other investment avenues and enhance the profitability of their investment portfolios.

Is Costco a blue-chip stock? ›

As a small example, Costco Wholesale (NASDAQ:COST) has trended higher by 226% (capital gains) in the last five years. This has led to this list of blue-chip stocks under $20.

Will 2024 be good for stocks? ›

Fortunately, analysts see positive earnings and revenue growth for all eleven market sectors this year. The healthcare sector is expected to generate a market-leading 17.8% earnings growth in 2024, while the information technology sector is expected to lead the way with 9.3% revenue growth.

Which stock is best for 2025? ›

Top Multibagger Penny Stocks for 2025
  • Titan Company Limited (Titan):
  • Wipro Limited (Wipro):
  • PVR Limited (PVR):
  • Page Industries Limited (Page Industries):
  • Eicher Motors Limited (Eicher):
Feb 21, 2024

Which stock to buy for next 5 years? ›

Growth stocks for next 5 years
S.No.NameCMP Rs.
2.Brightcom Group14.94
3.Axita Cotton23.63
4.Easy Trip Plann.46.36
5.Radhika Jeweltec63.50
23 more rows

What are the top 10 stocks to buy right now? ›

Sign up for Kiplinger's Free E-Newsletters
Company (ticker)Analysts' consensus recommendation scoreAnalysts' consensus recommendation
Amazon.com (AMZN)1.30Strong Buy
Microsoft (MSFT)1.32Strong Buy
Delta Air Lines (DAL)1.35Strong Buy
Nvidia (NVDA)1.38Strong Buy
15 more rows

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