Fool.com contributor Parkev Tatevosian reveals his top dividend stock to buy in September 2024. *Stock prices used were the afternoon prices of Sept. 13, 2024. The video was published on Sept. 15, 2024.

To keep earning higher rates of income, investors can rotate some of their holdings out of fixed income and into high-quality dividend stocks. These 15 offer particularly compelling prospects for the rest of 2024 and beyond: Popular Brokers : Popular Brokers Toyota Motor is one of the world's dominant automakers.

However, you must select the right types of dividend stocks to include within your investment portfolio. These companies should have a strong brand franchise and possess a solid competitive edge, have a track record of generating copious amounts of free cash flow,

Technology continues to be one of the best areas to invest in this year. Taiwan Semiconductor is set to profit no matter who wins the AI arms race. Arm Holdings should benefit from customers upgrading to its newest architecture.

Fortunately, there are plenty of dividend stocks out there that don't cost an arm and a leg. Here are 10 of the best dividend stocks under $20, according to CFRA: