For most investors, the new year brings with it new opportunity. With all three major U.S. stock indexes falling into a bear market last year, investors are hopeful that history will follow course, once again, and eventually send the broader market higher. Among the Dow Jones Industrial Average's 30 components, there are three supercharged dividend stocks begging to be bought.
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:
3 High-Yield Dow Stocks That Are Screaming Buys in 2023
Posted by D4L | Thursday, February 02, 2023 | ArticleLinks | 0 comments »________________________________________________________________
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