Ensuring a steady stream of income remains a core goal for many investors. While market fluctuations can cause anxiety, focusing on some of the best dividend stocks for income may offer a dependable solution. These companies regularly distribute a portion of their profits to shareholders, providing a predictable cash flow.
The Vanguard High Dividend Yield ETF (NYSEARCA: VYM ) tracks the performance of companies that typically pay higher-than-average dividends. VYM’s year-to-date (YTD) return of 6.5% showcases the demand for high-yielding exchange-traded funds (ETFs).
VYM also offers a dividend yield of over 3.0%. This article discusses three of the best dividend stocks for income.
By incorporating these companies into your portfolio, you can create a dependable income stream that fuels your financial goals. AT&T (T) Telecommunications and media giant AT&T (NYSE: T ) is today’s first pick among the best dividend stocks for income. Despite losing its Dividend Aristocrat status in 2021, AT&T had previously increased its dividend for 36 consecutive years .
Nonetheless, AT&T’s dividend remains highly attractive and sustainable. The company’s mostly recession-proof business model offers stability and predictability to its earnings. AT&T’s first quarter of 2024 earnings showcased a mixed performance .
Revenues declined slightly year-over-year (YOY) to $30 billion. However, subscriber growth was strong, with 349,000 new postpaid phones and 252,000 fiber internet subscribers.
