High-Yielding Dividend Stocks to Boost Your Income
The stock market’s remarkable rally over the past year has led to a decline in dividend yields. The S&P 500’s dividend yield has plummeted to around 1.2%, nearing its lowest point in two decades. However, this doesn’t mean investors can’t find attractive income opportunities. In fact, there are several top-tier dividend stocks offering yields above 4% that are worth considering this December.
Brookfield Renewable: A Leader in Renewable Energy
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) boasts a dividend yield of over 4.5%. This global renewable-energy producer has consistently grown its payout at a 6% compound annual rate over the past 20 years and expects to deliver 5% to 9% annual growth in the future. Four key catalysts will drive this growth: inflation-linked rate increases, margin enhancement activities, development projects, and M&A activities.
Chevron: A Dividend King with Upside
Chevron (NYSE: CVX) currently yields just over 4%. With 37 consecutive years of dividend increases, this oil giant has demonstrated its commitment to rewarding shareholders. Chevron expects to deliver more than 10% annual free cash flow growth through 2027, driven by its high-return capital program and potential upside from higher oil prices.
Realty Income: A Real Estate Investment Trust with a Proven Track Record
Realty Income (NYSE: O) offers a dividend yield of 5.5%. This REIT has increased its dividend for 30 straight years and 108 consecutive quarters, with a 4.3% compound annual growth rate since its IPO. Realty Income expects to grow its adjusted FFO per share at a 4% to 5% annual rate, driven by rent growth and acquisitions.
Verizon: A Cash Flow Machine with a High-Yielding Dividend
Verizon (NYSE: VZ) currently yields more than 6%. With 18 consecutive years of dividend increases, this mobile and broadband giant has demonstrated its ability to generate significant cash flow. Verizon’s financial strength enables it to invest in expanding its network and pay its high-yielding dividend with room to spare.
Investing in Top-Tier Dividend Stocks
Brookfield Renewable, Chevron, Realty Income, and Verizon are top-tier dividend stocks offering high-yielding payouts with growth potential. These companies have proven track records of rewarding shareholders and are well-positioned to continue doing so in the future. If you’re looking to boost your dividend income, consider adding these stocks to your portfolio this December.
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