5 Bargain Bin ‘Strong Buy’ Dividend Blue Chips Yielding Up to 8.4%

  • Sterile injectable and anti-infective medicines and oral COVID-19 treatment under the Sulperazon, Medrol, Zavicefta, Zithromax, Vfend, Panzyga and Paxlovid brands.
  • Pneumococcal disease, meningococcal disease, tick-borne encephalitis and COVID-19 under the Comirnaty/BNT162b2, Nimenrix, FSME/IMMUN-TicoVac, Trumenba and the Prevnar family brands
  • Biosimilars for chronic immune and inflammatory diseases under the Xeljanz, Enbrel, Inflectra, Eucrisa/Staquis and Cibinqo brands
  • Amyloidosis, hemophilia and endocrine diseases under the Vyndaqel/Vyndamax, BeneFIX and Genotropin brands

Investors receive a 4.25% dividend. Pfizer stock has a $75 price objective at Cantor Fitzgerald. The consensus target is down at $47.68, but shares ended Wednesday’s session at $38.63.

Verizon

This top telecommunications stock offers tremendous value at current levels. Verizon Communications Inc. (NYSE: VZ) is one of the largest U.S. telecom companies. It provides wireless and wireline service to retail, enterprise and wholesale customers.

Verizon’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. Verizon’s wireline business has undergone a period of secular decline due to wireless substitution and cable competition.

The company also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.

Verizon Communications stock comes with a 7.26% dividend. The $49 Cowen price objective compares with a $43.67 consensus target and Tuesday’s close at $35.87.

While none of these stocks is likely to turn up on Reddit’s WallStreetBets stock bulletin boards, they are very well suited for what could be a very ugly rest of the year. All these companies should hold their ground much better in an inflationary and recessionary stretch like the one we are in now, and likely will remain in for some time to come.

Originally published at 24/7 Wall St.

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