3 Ultra-High-Yield Dividend Stocks With 7.2% Average Yields to Buy in October
The S&P 500's dividend yield languishes at 1.2%, nearing historic lows. Income investors face dwindling opportunities, but three stocks defy the trend with yields averaging 7.2%. Energy Transfer (ET), Physicians Realty Trust (DOC), and Verizon (VZ) offer payouts between 6.8% and 8%, backed by robust fundamentals.
Energy Transfer leads the group with an 8% yield, supported by predictable cash flows. Nearly 90% of its earnings derive from fee-based contracts and regulated rates. The MLP generated $4.3 billion in distributable cash FLOW during H1 2024—nearly double its $2.3 billion distributions—while maintaining leverage ratios at historic lows. $5 billion in growth projects underscores its reinvestment capacity.