Discover 3 Dividend Stocks Offering Up To 8.4% Yield

As the market continues to fluctuate, investors are seeking stable and high-yielding stocks to add to their portfolios. Dividend stocks, particularly those in the healthcare and tobacco sectors, can provide a steady income stream and potential capital appreciation. In this article, we will explore three dividend stocks with yields up to 8.4%: AbbVie Inc. (ABBV), Altria Group, Inc. (MO), and Philip Morris International Inc. (PM).



1. AbbVie Inc. (ABBV)
- Dividend Yield: 5.35%
- AbbVie is a leading biopharmaceutical company with a strong portfolio of drugs, including Humira, Skyrizi, Rinvoq, and Imbruvica. The company has consistently increased its dividend, with a 5-year growth rate of approximately 10%. AbbVie's dividend payout ratio is around 55%, indicating a balance between dividend payments and reinvestment in the business.
- The company's revenue growth has been steady, with a 3-year compound annual growth rate (CAGR) of around 7%. AbbVie's strong pipeline and geographic expansion are expected to drive long-term growth.



2. Altria Group, Inc. (MO)
- Dividend Yield: 8.83%
- Altria, the owner of Philip Morris USA, has a high dividend yield due to its consistent payouts and a 5-year dividend growth rate of around 8%. The company's payout ratio is approximately 80%, indicating that it pays out a significant portion of its earnings as dividends.
- Altria's revenue growth has been stable, with a 3-year CAGR of around 2%. The company's strong market share and brand strength, as well as its product diversification, are expected to drive long-term growth.



3. Philip Morris International Inc. (PM)
- Dividend Yield: 5.5%
- Philip Morris International, the world's largest international tobacco company, has a dividend yield of around 5.5%. The company has a 5-year dividend growth rate of approximately 7% and a payout ratio of around 70%.
- Philip Morris International's revenue growth has been steady, with a 3-year CAGR of around 4%. The company's strong global presence and market share are expected to drive long-term growth.



In conclusion, AbbVie, Altria, and Philip Morris International offer attractive dividend yields, ranging from 5.35% to 8.83%. These companies have demonstrated consistent dividend growth and stable revenue growth, making them appealing options for income-oriented investors. However, it is essential to consider other factors, such as earnings growth, revenue growth, and the company's overall financial health, when making investment decisions. Additionally, it is important to compare the dividend yields of these companies to their industry peers to determine if they are relatively high or low.