3 High-Yielding Dividend Stocks to Boost Your December Income

As the year winds down, investors are looking for ways to maximize their returns and secure a steady income stream. Dividend stocks with yields above 6% can provide just that. In this article, we'll explore three magnificent dividend stocks that could help boost your December income.

Pfizer (PFE) - A Pharmaceutical Powerhouse

Pfizer, one of the world's largest pharmaceutical companies, has a strong track record of dividend growth. With a yield of 6.4% at recent prices, Pfizer offers an attractive income opportunity for investors. The company's wide profit margins on its patent-protected medicines have enabled it to raise its dividend for 15 consecutive years.

Pfizer's pharmaceutical pipeline and patent protection strategies are key drivers of its dividend growth. The company has a robust pipeline of new drugs, with the FDA approving nine new drugs in 2023. This, coupled with its strong balance sheet, allows Pfizer to self-fund growth and maintain its dividend payout.

W.P. Carey (WPC) - A Resilient Net-Lease REIT

W.P. Carey, a net-lease REIT, focuses on transferring variable costs of building ownership to its tenants. This strategy ensures stable cash flow and has enabled the company to maintain dividend growth, despite recent earnings contraction. With a yield of 6.1% at recent prices, W.P. Carey offers a solid income opportunity.

W.P. Carey's tenant diversification, with no single tenant accounting for more than 2.7% of total rent, minimizes risk. Management's $1 billion in closed deals and another $500 million expected by year-end support upcoming dividend raises. Despite recent challenges, W.P. Carey's largest tenant, responsible for just 2.7% of total rent, indicates resilience.

Omega Healthcare Investors (OHI) - A Steady Player in the Nursing Home Industry

Omega Healthcare Investors, a net-lease REIT focused on nursing homes and assisted-living facilities, has maintained or raised dividends since 2015. With a yield of 6.6% at recent prices, OHI offers a high income opportunity for investors. The company's dividend sustainability is bolstered by consistently high demand for nursing facilities, driven by America's aging population.

Omega Healthcare's diversified tenant base, with no single tenant accounting for more than 2.7% of its total rent, further enhances its resilience. Despite challenges like LaVie Care Centers' bankruptcy, the industry's demand remains strong. Omega Healthcare's focus on rent collection, rather than operator success, ensures stability.



In conclusion, Pfizer, W.P. Carey, and Omega Healthcare Investors offer yields above 6% with a track record of steadily rising dividends. These companies' strong balance sheets, robust cash flows, and dividend histories indicate a strong long-term dividend growth potential. By investing in these magnificent dividend stocks, investors can boost their December income and secure a steady stream of passive income.