💵 Three reliable dividend stocks with a yield above 5%!
Here is my pick of 3 interesting dividend companies from different sectors.
These companies are known for their long history of raising dividends every year and at current prices offer yields over 5 %. Although dividend increases are not expected to be huge somehow, their stability and advantages over their competitors make them ideal for long-term investments.
1. Realty Income $O🏢
Realty Income is a real estate investment trust (REIT) that leases commercial properties to well-known companies like Walmart, Dollar General, and Tractor Supply Company. It currently offers a dividend yield 5,7 % and pays dividends monthly. This REIT increases its dividend every quarter and recently announced its 125th increase since going public30 years ago.
2. Altria Group $MO🚬
Despite the decline in cigarette smoking ,Altria Group, maker of theMarlboro cigarette brand , boasts58 dividend increases over the past 54 years. At current prices, the stock offers an amazing 8,4% yield. The increased enforcement of the ban on flavoured vaporizers is positive news for Altria, as the company acquired NJOY, one of the few approved e-cigarette brands, last year .
3. Pfizer $PFE💊
Shares of Pfizer, the pharmaceutical giant, offer a dividend yield 5,6 %. The company bo asts a15-yearhistory of dividend increases. Although revenue from the Comirnatavaccine and the COVID-19-relatedPaxlovide treatment is rapidly declining, Pfizer has invested its windfall profits in new revenue streams. This includes the acquisition of Seagen and the approval of nine new drugs last year.
These three stocks represent, for me, a great opportunity for any investor looking for stable and high passive income.
What's your take on these companies, and which companies do you have in your dividend portfolio? 🏖️
Super post👍. I have all 3 in my portfolio, but I plan to sell PFE when I see it in the green.
I have "only" the first 2. For me they are very high quality businesses. Pfizer is a little out of my league. It's a pretty volatile title and it has fallen off a lot in recent years. The reason I don't want to get into it anymore is because I have a pretty full portfolio :)