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Finding good dividend stocks to buy amid market turbulence is essential in todayโs investing environment to maximize profits and minimize risks. These seven dividend stocks to buy have performance indicators that lead in a variety of industries. They also provide intriguing prospects fueled by resiliency, creativity and calculated risks. The first and second are industry titans, showing a considerable increase in their users. Both businesses have grown their clientele despite pressure from the competition, demonstrating a steady need for their services.ย
Moreover, companies like the sixth on this list demonstrate careful cost control with capital allocation plans. Finally, the seventh one uses core competencies in financial performance, pipeline innovation, and cancer revenue growth. Without further ado, here are seven dividend stocks to buy to give your portfolio a boost.
The forward dividend yield of Verizon (NYSE:VZ) isย 6.41%. Verizonโs operational edge reflects its performance in customer metrics. Even though there was a net loss of 158 thousand postpaid phones in Q1 2024, the company was still up more than 100 thousand net users year-over-year.ย A 5% YOY uplift in postpaid phone gross additions is the primary driver of this growth.ย Thisย signifies the efficacious customer acquisition strategies employed by Verizon. Additionally, the postpaid phone churn rate improved somewhat to 0.83%, demonstrating Verizonโs high percentage of customer retention.
Moreover, Verizonโs fixed wireless access (FWA) has become a significant growth market. The firm recorded 354 thousand FWA net additions in Q1 2024, with 151 thousand of those coming from the business segment. Overall, 389 thousand new broadband users were added, of whichย 53 thousand were addedย via Fios Internet. Finally, with over 11 million broadband customers, this increase highlights the growing need for Verizonโs dependable, high-quality internet services.
The forward dividend yield offered by AT&T (NYSE:T) isย 6.05%. The solid boost in high-value customers that AT&T has derived in both its internet and cellular segments is one of its core advantages.ย With 349 thousand additionsย in Q1 2024, AT&T had a sharp boost in postpaid phone net additions. Further, this number highlights the companyโs capacity to draw in new clients but also shows. With that, the number of high-value postpaid phone users has increased by 1.5 million annually to over 71.6 million.
Additionally, these subscribers support increased margins and ARPU,ย suggesting that volume growth is one of many factors driving this increase. The company has added fiber to 27 million residential and commercial premises, representing aย 2.4 million YoY increase. The number of fiber subscribers increased by around 1.1 million, bringing the total to almost 8.6 million. Overall, the fiber segment has grown steadily. It demonstrates AT&Tโs capacity to efficiently extend its broadband reach, seize a market share and establish itself as a leader in fiber infrastructure.
Comcast (NASDAQ:CMCSA) has aย 3.13%ย forward dividend yield. Despite slight subscriber losses, Comcast increased ARPU by more than 4% in the first quarter of 2024.ย Thisย propels mid-single-digit residential broadband revenue growth toย more than $6.5 billion.ย An importantย feature is the harmony between ARPU growth and subscriber retention, which suggests sensible client segmentation and pricing policies. Moreover, Comcast has 32 million subscribers, and internet consumption has increased by double digits year over year. Householdsย using broadband use more than 700 gigabytes of data each month.ย
Further,ย more than 70% of residential customers get 500 Mbps or faster, with almost one-third receiving gigabit speeds. These patterns demonstrate the growing need for high-speed internet and Comcastโs capacity to supply it. Therefore, this allows to sustain revenue growth. Comcast has madeย largeย investments in its network infrastructure; as a result, mid-split installations have doubled YoY and currently account for 40% of the footprint.
Overall, these enhancements are essential to enabling multi-gigabit symmetrical speeds, maintaining network capacity, and positioning the business for long-term market share growth and broadband subscriber growth.
The forward dividend yield offered by Gilead Sciences (NASDAQ:GILD) isย 4.81%. The companyโs development potential is supported by itsย fundamentalย strengths, which include its smart capital deployment and financial discipline. For the second consecutive quarter, theย business derived a 2% YoY drop in selling, general and administrative spending and research expenses. Indeed, this signifies Gileadโs focus on sharp cost control, improving its capacity to invest in expansion prospects.
Additionally, a vital part of Gileadโs capital allocation strategy is its emphasis on giving shareholders their money back through dividends and share repurchases. The business returnedย almost $1.4 billionย to stockholders in the first quarter. Furthermore, Gileadโs strategic effort to broaden its medicinal rangeย is shownย in the CymaBay purchase. Despite the CymaBay purchase, Gilead continues to project significant profitability in 2024. With Veklury excluded, overall product sales are estimated at $25.8 billion to $26.2 billion, indicating a 4% to 6% YoY rise for the firmโsย basic business. Overall, the company anticipates total product sales to range between $27.1 billion and $27.5 billion.
The dividend yield for British American Tobacco (NYSE:BTI) isย 9.53%. That is the highest dividend on this list of stocks to buy! Withย double-digit revenue growth, the company is solid in Africa, the Middle East, Eastern Europe, Asia-Pacific and Middle East Africa.ย Thisย has more than compensated for the adversities prevailing in the US market. Further, the company has started implementing focused initiatives in the US to resurrect its business in consumables. Investments in premium categories, such as the Newport soft pack, have increasedย volume share by 0.4%ย and premium share by 60 basis points.ย
Moreover, Lucky Strikeโs quick rise highlights British American Tobaccoโsย smartย market execution. The product has reached a 4% national volume share in just three years after launch. The companyโs introduction of tobacco-free consumables has strengthened its product line. With volume up 33.6% andย revenue up 39%. Modern oral products have also experienced tremendous growth, fueled by product innovation and worldwide expansion. Finally, the impressive results in developing nations like Kenya and Pakistan demonstrate the companyโs capacity to develop and adapt in various regulatory contexts.
Realty Income (NYSE:O) has aย 5.79%ย projected dividend yield. As of the end of the first quarter of 2024, the companyโs portfolio health remained strong. The high occupancyย rate of 98.6%ย was unchanged from the prior quarter. Additionally, the organizationโs tenant base is quite diverse, with over 1,500 clients from 7 European nations and all 50 U.S. states.
Further, tenants on the credit watch list accounted for 5.2% of the annualized rent of the entire portfolio as of the end of the quarter, consistent with previous averages. Additionally, every customer pays at most 1% of the yearly rent for the whole portfolio.ย Thisย lessens the effect of individual tenant defaults on the stability of the overall finances. Overall, due to its high FCF, the company is less sensitive to capital market volatility. It can fund its expansion plans internally rather than turning to the debt or stock markets.
The dividend yield attached to Pfizer (NYSE:PFE) isย 5.71%. Pfizer had an operational revenue rise of 11% when Comirnaty and Paxlovid salesย were excluded. However,ย there was a 19% operationalย reduction in overall company revenues due to decreased demand forย COVID-19ย medicines. This expansion demonstrates Pfizerโs tenacity and capacity to generate income from its main product line. Compared to Q1 2023, Pfizerโs adjusted gross margin increased by 5.3% to 79.6% in Q1 2024. This improvement results from several factors, such asย a positiveย sales mix, adjustments made for product returns, and effective cost control throughout the production process.
Notably, despite incurring costs related to the acquired Seagen company, Pfizer exhibited rigorous cost control.ย Thisย is reflectedย inย theย slightย 1% increaseย in total adjusted operating expenditures. By the end of 2024, Pfizer expects to have saved $4 billion in net costs thanks to this methodical strategy. Pfizerโs strong financial results reflect its underlying qualities and ability to overcome obstacles like the drop in demand for its COVID medication. Overall, the vital increase in gross margin highlights Pfizerโs emphasis on streamlining its cost structure and product mix to maximize profitability.ย And, places it firmly among dividend stocks to buy to give your portfolio a boost.
As of this writing, Yiannis Zourmpanos held long positions in VZ, T, BTI and PFE. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comย Publishing Guidelines.
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