From The Motley Fool · Micah Zimmerman · · 1m 20s
3 High-Yield Dividend Stocks to Buy Now
PepsiCo, Best Buy, and Philip Morris offer steady dividends despite market volatility.
In brief
PepsiCo, Best Buy, and Philip Morris offer steady dividends despite market volatility. PepsiCo, Best Buy, and Philip Morris pay 3% to 4.4% yields backed by growing revenue, new deals, and recent dividend raises. Originally reported by The Motley Fool.
PepsiCo: 54-year dividend streak
PepsiCo pays 4.4% yield with 54 consecutive dividend increases.
“PepsiCo (PEP) yields about 4.4 percent at a share price near $141”
Best Buy: 21-year dividend growth
Best Buy raises dividends for 21 straight years with growing sales.
“Best Buy (BBY) pays $0.96 a quarter, has raised the dividend for 21 straight years”
Philip Morris: 17th annual dividend increase
Philip Morris raises dividends 8.8% to $1.60 quarterly.
“Philip Morris International (PM) yields about 3.2 percent, just raised the dividend 8.8 percent”
Kraft Heinz: 6.5% yield without raises
Kraft Heinz's 6.5% yield has not been raised since 2019.
“Kraft Heinz (KHC) yields about 6.5 percent, and on a screen it looks like the best deal”
Universal Corp: 8.4% yield with losses
Universal Corp's 8.4% yield comes from a company that lost money last quarter.
“Universal Corp (UVV) yields about 8.4 percent after 56 straight years of dividend increases”
Dividend yield explained
High dividend yield is either a gift or a warning, not a guarantee of safety.
“A high dividend yield is either a gift or a warning, and the number itself will not tell you which”
PepsiCo's deal renewal
PepsiCo renewed Taco Bell deal for 11 years after losing KFC fountains.
“It renewed its beverage deal with Taco Bell for another 11 years, days after losing KFC's fountains”
Best Buy's sales growth
Best Buy's Q2 sales rose 4.1% with new AI-powered products.
“Q2 comparable sales rose 4.1 percent against a company forecast of about 1 percent”
Philip Morris' revenue growth
Philip Morris reports record quarterly revenue and operating income growth.
“The smoke-free business, built on IQOS heated tobacco and ZYN nicotine pouches, now accounts for more than 40% of revenue”
Kraft Heinz's declining sales
Kraft Heinz's Q3 sales fell 2% with adjusted operating income down 15%.
“Q3 net sales fell 2 percent and adjusted operating income fell 15 percent”
Universal Corp's revenue drop
Universal Corp's Q1 revenue fell 12% with a net loss reported.
“Revenue fell 12 percent, the company posted a net loss, and management blamed an oversupply of tobacco”
In short
PepsiCo, Best Buy, and Philip Morris pay 3% to 4.4% yields backed by growing revenue, new deals, and recent dividend raises.
