7 Best Dividend Stocks to Buy Now in May 2023

By Eric Cuka – May 3, 2023 at 7:30PM

NASDAQ: MRVL

Marvell Technology

Market Cap

$55B

Today's Change

(1.56%) $0.98

Current Price

$63.86

Price as of April 23, 2024, 4:00 p.m. ET

These top dividend stocks are attractive at these levels and lower, and they add excellent diversity to a long-term investing portfolio.

Today, I provide my seven best dividend stocks to buy for the month of May. Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio. Compound interest is the eighth wonder of the world, and dividends are a great way to accelerate your wealth. Two of my favorite dividend stocks on the list are Marvell Technology (MRVL 1.56%) and Deere & Company (DE -0.60%). To see the other five dividend stock picks and more information, please watch the video below.

*Stock prices used were the afternoon prices of May 3, 2023. The video was published on May 3, 2023.

Bank of America is an advertising partner of The Ascent, a Motley Fool company. Eric Cuka has positions in Bank of America, Deere, Marvell Technology, and Tractor Supply. The Motley Fool has positions in and recommends Bank of America, Bristol-Myers Squibb, and Texas Roadhouse. The Motley Fool recommends Deere, Marvell Technology, Skyworks Solutions, and Tractor Supply. The Motley Fool has a disclosure policy.

Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel.