Exploring High-Yield Dividend Stocks for Long-Term Growth ๐
Are you considering investing in dividend stocks for long-term growth potential? ๐ค Look no further! With a cooling labor market and impending rate cuts, high-yield dividend stocks could be the way to go. Here are two top options to consider:
AbbVie (NYSE: ABBV) ๐ฅ
- AbbVie stock offers a 3.59% yield and a 10% annual dividend growth rate over the past five years.
- Trading at under 15 times forward earnings, AbbVie is attractively priced compared to the S&P 500.
- Despite challenges with the loss of market exclusivity for Humira, AbbVie is navigating this transition effectively.
- Newer drugs like Skyrizi, Rinvoq, and Vraylar are driving strong sales and exceeding expectations.
Pfizer (NYSE: PFE) ๐
- Pfizer stock offers a generous 5.76% dividend yield and is priced at less than 13 times future earnings.
- With a diverse range of drugs and a promising pipeline, Pfizer is positioned for strong future performance.
- Despite challenges post-COVID, Pfizer’s focus on oncology and high dividend yield make it an attractive long-term investment.
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