When navigating a highly volatile stock market, investors often seek stocks that can appreciate despite adverse market conditions. Stocks offering solid dividends are particularly appealing, especially if their prices remain accessible to a broad range of investors. Several candidates fit these criteria, making them strong options for investors looking to purchase up to $150 in dividend stocks presently.
1. Dominion Energy
Dominion Energy, identified by its ticker symbol D, has experienced a modest increase in its share price year-to-date, a noteworthy achievement given the S&P 500’s current correction phase. The company’s robust performance largely stems from the dependable nature of its business, unaffected by economic fluctuations. As a utility provider, Dominion Energy serves approximately 3.6 million electricity customers in Virginia, North Carolina, and South Carolina, and natural gas services to around 500,000 South Carolina customers. Virginia’s status as a data center hub presents a significant growth opportunity for the company.
Dominion’s consistent cash flow supports its attractive dividend with a forward yield of 4.75%. Shares are available at around $56, and the company anticipates annual earnings per share growth of 5% to 7%, potentially leading to double-digit total returns when dividends are considered.
2. Enterprise Products Partners
Trading under the symbol EPD, Enterprise Products Partners has seen its unit price rise by about 7% despite prevailing market downturns. The LP’s resilience is attributed to its extensive network of over 50,000 miles of pipelines, which transmits various hydrocarbons, along with its other assets such as natural gas processing and storage facilities.
Enterprise offers a high forward distribution yield of 6.39% and has increased its distribution annually for 26 years. Its consistent cash flow, even during financial crises and the COVID-19 pandemic, underscores the reliability of its distributions. Units of Enterprise Products Partners are currently priced below $34, and with increasing U.S. demand and cost advantages in petrochemicals, the company is poised for growth and continued payouts.
3. Verizon Communications
Verizon Communications, symbolized as VZ, offers a strong investment opportunity beyond the energy and utility sectors. Its share price has increased by 14% year-to-date, buoyed by solid fourth-quarter results announced on January 25, 2025. The company reported growth in both revenue and earnings, with nearly 1 million new postpaid mobile and broadband subscribers, marking the best quarterly results in over a decade.
Future growth for Verizon may also be driven by its expanded AI strategy and new solutions for hyperscalers, cloud services providers, and global enterprises, with early adoption by major tech firms like Alphabet’s Google Cloud and Meta Platforms. Verizon’s forward dividend yield of 5.94% and 18 consecutive years of dividend increases make it attractive for income-focused investors. A share can be purchased for just under $46, leaving sufficient funds after acquiring shares in the other recommended stocks.
In summary, with $150, investors could consider buying a share of Dominion Energy and a unit of Enterprise Products Partners, which would leave enough funds to also purchase a share of Verizon Communications.