High-yield stocks offer a golden opportunity for income investors, especially retirees seeking to bolster their income streams post-retirement. While the current market average dividend yield hovers around a modest 1.3%, high-yield stocks with dividends exceeding 5% can significantly enhance one’s monthly income. Imagine a $120,000 investment in stocks averaging a 5% dividend yield translating to an additional $500 in monthly dividends. To assist you in navigating this lucrative investment avenue, we have curated a comprehensive list of high dividend stocks with yields of 5% or higher, including REITs and MLPs.
Why Buy High Dividend Stocks?
- Boost to Total Returns: Studies dating back to 1960 reveal that a staggering 85% of the S&P 500’s cumulative total return can be attributed to reinvested dividends and the magic of compounding.
- Cushion Against Market Volatility: High dividend stocks tend to weather market downturns better, offering a reliable income source even when share prices fluctuate.
- Disciplined Management: Companies with a dividend-paying history often boast a disciplined management approach.
Here are noteworthy high yield stocks that promise a steady income flow during your retirement years:
UGI Corp (UGI)
- Business Profile: A reputable gas and electric utility with a multifaceted energy distribution business.
- Financial Highlights: Recent financial achievements include record fiscal results, cost-saving initiatives, and a five-year EPS CAGR of 6%.
NNN REIT (NNN)
- Business Profile: REIT owning a vast portfolio of single-tenant, net-leased retail properties.
- Recent Performance: Impressive Q3 performance with strong core FFO and high occupancy rates.
Universal Corp. (UVV)
- Business Profile: Market leader in supplying leaf tobacco and other plant-based inputs to consumer product manufacturers.
- Recent Earnings: Robust Q2 earnings performance, marked by significant revenue generation.
Realty Income (O)
- Business Profile: Retail real estate-focused REIT renowned for its monthly dividend payouts.
- Financial Highlights: Q3 earnings showcased revenue growth and robust financial performance.
CVS Health (CVS)
- Business Profile: Integrated healthcare services provider with an extensive network of pharmacies and medical clinics.
- Recent Results: Third-quarter revenue growth and strategic insights into market performance.
Enterprise Products Partners (EPD)
- Business Profile: Oil and gas storage/transportation company with extensive pipeline infrastructure.
- Financials: Solid revenue growth and distribution performance in Q3.
Sunoco LP (SUN)
- Business Profile: Master limited partnership dealing in fuel product distribution.
- Q3 Earnings: Optimistic outlook for 2024 and strong financial performance.
Verizon Communications (VZ)
- Business Profile: Leading wireless carrier with a nationwide network reach.
- Recent Performance: Mixed Q3 results with promising postpaid phone net additions.
Altria Group (MO)
- Business Profile: Diverse tobacco product manufacturer with strategic investments in related industries.
- Q3 Success: Revenue growth and reaffirmation of EPS guidance.
Universal Health Retirement Income Trust (UHT)
- Business Profile: A real estate investment trust specializing in healthcare facilities.
- Financials: Steady revenue growth and strategic investment direction.
In conclusion, these high dividend stocks boast resilient business models, robust cash flow generation, and current yields exceeding 5%. For income investors, especially retirees, these 10 high yield stocks present an appealing investment opportunity – a chance to secure a lasting retirement income through reliable dividends. Whether you seek high-quality dividend growth stocks or other income securities, explore the curated Sure Dividend resources for insightful investment options.
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