"Top Dividend Stocks for January 2024: High Yields and Safe Investments"

Morningstar DividendInvestor editor David Harrell discusses three dividend stocks popular with income investors for January 2024: Kenvue, the former consumer segment of Johnson & Johnson, which now provides a higher yield than its former parent; defense contractor Lockheed Martin, which recently raised its quarterly dividend rate but has returned slightly more cash via share repurchases than dividends over the past five years; and investment bank Morgan Stanley, which has grown its dividend at an annualized rate of 26.8% over the past five years but could see slower dividend growth due to proposed bank capital rules.