3 Magnificent Dividend Stocks Yielding 4% or More to Buy in November
These three blue chip dividend stocks offer higher yields while standing out in terms of dividend coverage and growth.
Three well-known dividend stocks, all yielding 4% or more, are worth considering for investment in November: PepsiCo, Pfizer, and AT&T.
PepsiCo, a 54-year Dividend King, boasts a 4.2% forward dividend yield despite a payout ratio of 69%, indicating potential sustainability. The company anticipates earnings growth of 2.5% to 3.5% this year, driven by international expansion. With forward earnings of 16 times, PepsiCo presents an attractive opportunity for recovery alongside its dividend.
Pfizer, which has raised its dividend for 16 consecutive years, currently yields 5.8%. While revenue and earnings lag behind COVID-era highs, cost reductions and new drug acquisitions could help sustain the $1.72 annual dividend. Forecasts suggest EPS will range from $2.94 to $3.04 in 2026 and 2027, with a payout ratio of 56.5% to 58.5%.
AT&T has not cut its dividend since halving it four years ago, despite the spin-off of its WarnerMedia unit. With a forward payout ratio of just under 47%, AT&T appears sustainable. Analysts expect EPS to rise 8.3% to $2.60 next year, as the company focuses on debt reduction and share buybacks. Trading at less than 9 times forward earnings, AT&T shares could benefit from multiple expansion.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
