March 2023 Dividend Stock Watch List

As I'm writing this article, we're more than half way through the month of February. We're currently in the middle of a warming trend here in Central Wisconsin, with the high temperature set to reach 40 degrees Fahrenheit on Saturday, February 18th.

With that aside, now would be a good time to look ahead to potential dividend stock purchases for the next month. Let's dive into it!

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Dividend Stock #1: AbbVie (ABBV)

The first dividend stock that I'm watching for next month is AbbVie (ABBV). Readers longing for more substance on my buying rationale can check out my recent Motley Fool article on the stock (and Procter & Gamble and Realty Income).

Basically, ABBV is a wonderfully run business with a strong product portfolio and an equally stacked pipeline, for one. Second, ABBV's near-4% dividend yield is quite safe. Third and finally, ABBV's valuation is compelling at the current $150 share price (as of February 16, 2023).

Dividend Stock #2: Lowe's (LOW)

The next dividend stock on my watch list for March 2023 is Lowe's (LOW). Interested readers can check out my recent Motley Fool article on the stock (and Philip Morris International) for my investment thesis.

The long and short of it is that LOW is a major player in the massive home improvement retail market. The stock's 2% dividend yield is well-supported by profits and the valuation is also cheap at the current $214 share price (as of February 16, 2023).

Dividend Stock #3: Mastercard (MA)

The third dividend stock that I'm watching for next month is Mastercard (MA). Readers can take a look at my investment thesis for the stock in a recently published Motley Fool article.

The takeaways are basically are as follows: A shift toward alternative payment methods will greatly benefit MA, the dividend has nowhere to go but up, and the stock is reasonably valued at the current $368 share price (as of February 16, 2023).

Concluding Thoughts:

March 2023 will likely bring another month of capital deployment in the range of $3,000 to $3,500. I've said it before and I'll say it again: I'm so grateful to be able to be doing what I love and deploying as much capital as I have been to investments in recent months.

Discussion:

Are any of ABBV, LOW, or MA on your watch list for March 2023?

If not, what stocks are you monitoring for next month?

Thanks for reading. Please feel free to comment below!