2 Top Dividend Stocks Yielding 4% or More to Buy Right Now for Passive Income
Key PointsDividend stocks are great options for total returns, and for downside protection in a portfolio.
Two top dividend stocks that offer a yield of 4% or more are Kraft Heinz and PepsiCo. Kraft Heinz, currently trading at a 52-week low, has a yield of 7.13% and has maintained its $0.40 per share dividend for eight years. The company has restructured and is investing $700 million in sales, marketing, and R&D to improve profit margins.
PepsiCo, a Dividend King with a 54-year streak of annual dividend increases, is trading near its 52-week low and has a yield of 4.67%. Both stocks provide downside protection during market downturns, as evidenced by their performance during the 2022 downturn, where Kraft Heinz gained 18% and PepsiCo gained 7% in total return.
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