4 High-Yield Dividend Stocks to Buy Now for Consistent Passive Income

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4 High-Yield Dividend Stocks to Buy Now for Consistent Passive Income

• Investors highly value companies with a long history of consistent dividend payments.
• This article explores companies across sectors like consumer staples, financial services, and energy.
• Specifically, we will delve into the financial health and market performance potential of these dividend stocks.
• Looking for actionable trade ideas to navigate the current market volatility? Unlock access to InvestingPro’s AI-selected stock winners for under $9 a month!

Investors seeking stability in a volatile market often turn to dividend-paying companies across sectors like , , and . These companies, known for their resilience and consistent dividends, offer a reliable income stream and are valued for their robust growth strategies.

Let’s delve into some of these companies with impressive dividend histories, emphasizing their financial health, forward-thinking strategies, and potential market performance.

1. Kraft Heinz

Kraft Heinz (NASDAQ:) emerged from the merger of Kraft Foods and the sauce giant Heinz. Founded in 2015, it is headquartered in both Chicago, Illinois, and Pittsburgh, Pennsylvania.

The company offers a compelling dividend yield of 4.60%, thanks to its quarterly payout of $0.40 per share—significantly above the consumer staples average of 2.99%. Kraft Heinz has maintained consistent dividend payouts for 11 consecutive years, with the next payment of $0.40 on December 27, requiring shares to be held by November 29.

Source: InvestingPro

In the third quarter, Kraft Heinz reported (EPS) of $0.75, slightly above estimates, while revenue fell short at $6.38 billion. The EPS forecast for 2024 ranges between $3.01 and $3.07, with the next quarterly report expected on February 12.

Source: InvestingPro

The company focuses on maintaining cost efficiency to stay profitable in challenging times.

Valuation ratios suggest the stock is undervalued, with a price-to-earnings (P/E) ratio of 11.51, below both the industry average of 17.7 and its historical average of 13.3.

Considering the potential ***** of its Oscar Mayer unit for roughly $3 billion, Kraft Heinz could unlock additional capital to invest in growth or bolster its balance sheet.

Its fair value, based on fundamentals, is 12.5% higher, at $37.55, with market expectations pushing it to $38.74 in the medium term.

Source: InvestingPro

2. S&P Global

S&P Global (NYSE:), headquartered in Manhattan, New York, specializes in information services, financial analysis, and credit ratings.

Source: InvestingPro

S&P Global boasts a market capitalization of $151 billion, with shares having appreciated by 27.33% over the past year and 98% over the last five years.

On December 11, the company will distribute a dividend of $0.91 per share, with shares needing to be held by November 26 to qualify. As a member of the dividend kings, it has increased payouts for at least 50 consecutive years.

Source: InvestingPro

The recent surpassed expectations, with revenue climbing 16% year-over-year to $3.575 billion and EPS rising by 21% to $3.89. Notably, its EPS has exceeded estimates in 12 out of the past 16 quarters.

With the upcoming results on February 6, the company has raised its revenue expectations by 2.3%.

Source: InvestingPro

In May 2024, S&P Global acquired Visible Alpha, a leading data provider, to leverage insights from over 6,000 analyst models. This acquisition significantly boosts S&P’s data portfolio, enhancing value for clients who need reliable data sources.

Furthermore, the company recently launched generative AI tools, including advanced search features and an AI-powered chatbot, aligning with industry trends toward augmented data processing and real-time information.

S&P Global enjoys 20 ratings, with 19 recommending a buy and 1 a hold, targeting an average market price of $574.06.

Source: InvestingPro

3. EQT Corporation

As one of the largest producer in the U.S., EQT Corporation (NYSE:) boasts a market capitalization of $17.03 billion. It focuses on responsibly developing natural gas resources through advanced drilling and production.

While shares have dipped -11.90% in the past year, they’ve surged 235% over the last five years.

EQT plans to pay a $0.1575 dividend per share on December 2, requiring shareholders to hold by November 6. It has incrementally increased dividends for two consecutive years following a pandemic-era pause.

Source: InvestingPro

EQT’s recent highlighted a strong performance, with sales volume exceeding forecasts, while capital expenditures and costs remained below expectations. The next results will be shared on February 12.

Source: InvestingPro

EQT is also advancing plans to produce clean hydrogen and low-carbon jet fuel, potentially unlocking new revenue avenues and reinforcing its commitment to sustainability.

With a beta of 1.06, its shares tend to move with the market, albeit with more volatility.


Source: InvestingPro

The company holds 20 ratings: 12 buys, 7 holds, and 1 sell, with a market price target of $41.56.

Source: InvestingPro

4. Exelon Corporation

Exelon Corporation (NASDAQ:), a company focused on electricity generation and distribution, is headquartered now in Chicago. Its shares have fallen -1.20% over the past year, yet risen 42.25% in the last five years.

Source: InvestingPro

The company will pay a dividend of $0.38 per share on December 13, requiring shares to be owned by November 8. Exelon has paid dividends for 22 consecutive years, with a yield of 4%.

Source: InvestingPro

In its third-quarter , Exelon reported operating earnings of $0.71 per share, 5.9% higher than expected. The company anticipates a compound annual growth target of 5-7% through 2027 and plans to release its next report on February 19, expecting a 6.4% revenue increase.

Source: InvestingPro

Notably, ComEd, an Exelon company, recently secured $50 million in federal funding from the Department of Energy to enhance grid resiliency and support clean energy investments in Illinois, part of a $116 million initiative over five years.

Exelon is rated by 18 analysts, with 16 recommending a buy, 1 hold, and 1 sell, and the market’s average price target stands at $42.90.

Source: InvestingPro

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Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple perspectives and is highly risky and therefore, any investment decision and the associated risk ******** with the investor.

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