Daily dividend news for investors in dividend stocks

Three 6% High-Yield Large-Cap Dividend Stocks On Sale

Published Tue, 23 Jul 2019 01:41:35 -0400 on Seeking Alpha

As an income and dividend growth investor, I do love dividends, and so do many other investors. Not only do dividends provide a substantial part of overall total return, but they also provide passive income that you can either use to replace existing expenses or, even better, reinvest into your portfolio to nurture an (in the beginning slowly) exponentially growing dividend snowball on your quest to financial independence.
Moreover, as investors duly learn during crises, stable and proven businesses very regularly continue to distribute dividends, with the most financially stable businesses even increasing those. This provides a real downward cushion and is just the icing on the cake.
While most stocks have been setting new highs in July, three stocks, ironically all starting with "A," are/remain on sale with yields over 6%. In the tobacco sector, almighty Altria (MO) has seen a sharp fall from almost $78 down to as low as $42 over the last two years and with its current closing price of $50.47 is yielding around 6.3%.
in the telecom sector AT&T (T) has so far enjoyed a much better year than Altria, is up 2.3% YTD and currently yielding 6.2%.
Finally, there is AbbVie (ABBV), a stock which is down 26% YTD and has almost lost half its market cap compared to its all-time high set in January 2018. Following the unexpected and costly acquisition of Allergan (AGN), it is currently trading at a yield of 6.3%.
Data by YCharts
Naturally, higher yield comes with... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
ABBVIE 70.83   26.0 2.72 4.28 6.28
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
AT&T 38.38   16.1 2.38 2.04 5.43


Older articles featuring Altria Group (MO):
The Best Dividend Stocks To Buy With The Market Near Record Highs
The Retiree's Dividend Portfolio - Jane's August Update: Price Targets
A Dividend Growth Analysis Of The Dividend Champions
My Dividend Growth Portfolio July Update: 44 Holdings, 3 New, 5 Buys, 3.45% Yield
The Retirees' Dividend Portfolio - John And Jane's August Taxable Account Update: MLP Update
Dividend Kings: August Dividend Growth Analysis
The 7 Best Dividend Aristocrats To Buy With Recession Risk This High
100-Stock Dividend Portfolio Update For August 2019
U.S. Dividend Stocks On Discount - September 2019
The Best Dividend Stocks To Buy With Recession Risk This High