Stable Dividend Stocks for New Investors

New investors looking to build their portfolios may want to consider three rock-solid dividend stocks: ExxonMobil, UnitedHealth Group, and Verizon Communications.

ExxonMobil is a top oil and gas giant with a stable investment profile due to its dominant position in the industry and vast portfolio of assets. It currently yields 2.6%, above the S&P 500 average, but lower than usual due to strong stock performance this year. The company has been raising its dividend payments for decades, providing investors with ample reason to simply buy and hold.

UnitedHealth Group is another quality dividend stock to consider. As a top health insurance company in the US, demand for its services is likely to remain high due to population growth and rising rates. The company's strong profits enable it to offer a growing dividend, currently yielding 2.4%, which has increased by 60% over the past five years.

Verizon Communications rounds out this list as a stable telecom giant with a fairly attractive sector for dividend investors due to its stability and consistent stream of income. The company's business is rock-solid, generating modest single-digit growth, but it has plenty of room to continue raising its dividend, having boosted it for 20 consecutive years.