One of the best ways to build wealth is with dividend stocks.
In fact, according to a Janus Henderson Global Dividend Index report, as noted by Insider Monkey, “U.S. dividend stocks were remarkably resilient, rising 2.6% year over year to a new high of $503.1 billion in 2020. The report mentioned that North America performed well primarily because companies were able to save cash and preserve dividends by suspending or reducing share buybacks. According to Janus Henderson’s best-case scenario, dividends will increase by 5% to $1.32 trillion in 2021.”
Here are three dividend stocks you may want to consider.
Lumen Technologies (LUMN) has a dividend yield of 7.23%
Lumen Technologies pays a dividend yield of 7.23%.
The company just posted net income of $475 million, as compared to $314 million year over year. Diluted EPS of 44 cents was also better than the 29 cents posted year over year.
“We generated solid Adjusted EBITDA and Free Cash Flow in the first quarter, and we remain on track to achieving our financial targets for the year,” said Jeff Storey, president and CEO. “As we continually invest in our platform capabilities and forge valuable strategic partnerships, we remain uniquely positioned to meet our enterprise customers’ evolving needs.”
Altria Group (MO) has a yield of about 7%
Altria has a yield of about 7%.
“We are off to a strong start to the year and believe our businesses are on track to deliver against full-year plans. Against a challenging comparison, our tobacco businesses performed well in the first quarter and we continued to make progress advancing our non-combustible portfolio,” said Billy Gifford, Altria’s Chief Executive Officer.
“We announced another important milestone in Altria’s journey in Moving Beyond Smoking
. We now have full global ownership of on! oral nicotine pouches as we recently closed transactions to acquire the remaining 20% global interest.”
Verizon (VZ) has a yield of about 4.44%
Verizon has a yield of 4.44% at the moment.
“Verizon is off to an excellent start in 2021 as we met the challenge of intense competition in the first quarter by achieving revenue growth across our three business segments,” said Verizon Chairman and CEO Hans Vestberg. “This year began with a transformative milestone for our company with our success in the recent C-Band spectrum auction. We continue to strengthen our networks, execute on our Network-as-a-Service strategy and focus on the five vectors that underpin our growth framework and position us to deliver success in 2021 and beyond.” +
For first-quarter 2021, Verizon reported EPS of $1.27, compared with $1.00 in first-quarter 2020. On an adjusted basis (non-GAAP), first-quarter 2021 EPS, excluding a special item, was $1.31, compared with adjusted EPS of $1.26 in first-quarter 2020.
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