The first high-yield Dow Jones Industrial Average stock that's begging to be bought in the new year is telecom stock Verizon Communications (VZ). Verizon is the highest-yielding Dow component (6.3% yield) and shouldn't have any trouble sustaining its inflation-fighting dividend with a payout ratio of a little over 50%. The second high-yield Dow Jones stock that's a screaming buy in 2023 is semiconductor giant Intel (INTC). Historically speaking, Intel's roughly 5% yield over the past four months is the highest it's been in four decades. The third high-yield Dow stock that stands out as a screaming buy in 2023 is pharmacy chain Walgreens Boots Alliance (WBA). Like Intel, Walgreens is sporting its highest yield in about four decades (5.3%). Further, it's increased its base annual payout for a jaw-dropping 47 consecutive years. Suffice to say, this dividend is rock solid.
Source: Motley Fool
Related Articles:
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.