These high-dividend-yielding stocks could see a rebound as rates decline, BMO says

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These high-dividend-yielding stocks could see a rebound as rates decline, BMO says

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. Pfizer is also developing a once-daily version of its weight loss pill . In July, the company said it saw “encouraging” data in an early-stage study and plans to conduct more early-stage trials in the second half of the year. Meanwhile, shares of AbbVie have a 3.34% dividend yield and are up nearly 20% year to date. With its Humira ***** now fighting generic competition, AbbVie has been looking to expand its pipeline. Last week, it closed on its $8.7 billion acquisition of Cerevel Therapeutics, which has a number of drugs in the pipeline to treat neurological and psychiatric conditions . In February, AbbVie completed its $10 billion acquisition of ImmunoGen, which develops ******* drugs. Among the utility names making the list are ********* Electric Power and Southern Company . The former has a 3.58% dividend yield, while the latter yields 3.33%. Utilities have been one of the best performing sectors of the S & P 500 this year thanks to expected demand for electricity to power artificial intelligence data centers. The sector is up about 16% year to date. Meanwhile, shares of ********* Electric Power have gained 21% so far this year, while Southern has rallied more than 23%. Real estate, on the other hand, is one of the worst performing S & P sectors year to date, up 4% compared to the S & P’s approximate 16% gain. BMO has been bullish on real estate investment trusts and believes the sector is poised for a turnaround. Two names on its list are Digital Realty Trust and Host Hotels & Resorts . Digital Realty Trust, which pays a 3.28% dividend yield, owns, develops and operates data centers — which are expected to see surging demand thanks to AI . Last week, the company reported core funds from operations for the second quarter that topped estimates, while its revenue missed expectations. Shares have gained about 10% year to date. Host Hotel & Resorts, which owns luxury and upper-upscale hotels, has a 4.92% dividend yield and is down 16% so far this year. The company’s second-quarter funds from operations came in slightly above estimates last week and its revenue was in line with expectations. However, the company lowered its full-year guidance for funds from operations and adjusted earnings before interest, taxes, and amortization.

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#highdividendyielding #stocks #rebound #rates #decline #BMO

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