Top Performing Dividend Shares to Purchase with a $500 Investment Immediately

In the world of business, two companies are making a significant impact in their respective industries, particularly when it comes to dividends. AbbVie (ABBV) and Enbridge, both giants in their fields, are offering attractive dividend yields and a strong commitment to growth.

AbbVie, one of the world's biggest pharmaceutical companies, boasts a forward dividend yield of 3.14%. This company markets around a dozen blockbuster drugs, with its top products including Botox, Rinvoq, and Skyrizi. To buy one share of AbbVie, you'll need approximately $210.

Enbridge, on the other hand, is the largest natural gas utility in North America based on volume. Operating approximately 18,085 miles of crude oil pipelines and 18,952 miles of natural gas and natural gas liquids pipelines, Enbridge is a force to be reckoned with. The company's current share price is $48.39, and it offers a forward dividend yield of 5.74%. Enbridge expects to grow its dividend by up to 5% each year going forward.

Both companies have impressive track records when it comes to dividend payments. AbbVie has a low price-to-earnings-to-growth (PEG) ratio of 0.44, indicating its potential for long-term growth. Enbridge, a Dividend Champion with 30 consecutive years of dividend increases, is also a Dividend King, having increased dividends for 53 consecutive years. ADM, another agribusiness giant, has paid dividends for 375 consecutive quarters, which is 93 years of uninterrupted dividend payments. ADM, with a market capitalization of $30 billion, supplies agricultural products and services to more than 180 countries, and its forward dividend yield stands at 3.26%.

For investors looking to start their wealth journey with a modest $500, The Motley Fool experts recommend dividend stocks such as those in Berkshire Hathaway’s portfolio, including UnitedHealth, as good options. UnitedHealth is specifically noted for its solid financials and dividend appeal. Other dividend stocks recommended by Motley Fool commonly have a history of dividend growth and stability. Berkshire Hathaway stocks and selected high-yield dividend stocks by Motley Fool serve as examples for a good start in dividend investing with moderate capital.

In conclusion, AbbVie and Enbridge, with their strong dividend yields and commitment to growth, are attractive options for investors. Meanwhile, for those looking to start their wealth journey with a modest investment, dividend stocks such as those recommended by The Motley Fool offer a solid foundation for long-term growth.