Yields Are Plunging Daily: 7 Sizzling Blue Chips That Pay 6% or Bigger Dividends

The company also provides data, voice, security, cloud solutions, outsourcing and managed and professional services, as well as customer premises equipment for multinational corporations, small and midsized businesses, and governmental and wholesale customers. In addition, it offers broadband fiber and legacy telephony voice communication services to residential customers.

The company markets its communications services and products under the AT&T, Cricket, AT&T Prepaid and AT&T Fiber brand names. The Latin America segment provides wireless services in Mexico and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names.

Investors receive a 6.08% dividend. Goldman Sachs has a $23 price objective, and the consensus target is $22.11. AT&T stock closed on Thursday at $18.27 a share.

British American Tobacco

This conglomerate got much bigger with the acquisition of Reynolds American in 2017. British American Tobacco PLC (NYSE: BTI) provides tobacco and nicotine products to consumers worldwide. It offers vapor products, tobacco heating products and modern oral products; combustible products; and traditional oral products, such as Swedish-style snus and American moist snuff. The company distributes its products to retail outlets.

The company’s New Categories business, which includes products outside of traditional cigarettes, saw revenues increase solidly over the past two years. It noted recently that non-combustible products, such as its Vuse vaping brand and Glo heated tobacco brand, now make almost 12% of total operations.

Investors receive a 7.37% dividend. The $49.10 price target on New York-traded shares at Jefferies compares with a $53.30 consensus target for British American Tobacco stock. Thursday’s close was at $39.08.

Devon Energy

This may be one of the best value propositions in its sector, as it uses a variable dividend strategy. Devon Energy Corp. (NYSE: DVN) is an independent energy company that primarily engages in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs) in the United States and Canada. It operates approximately 19,000 wells.

The company also offers midstream energy services, including gathering, transmission, processing, fractionation and marketing to producers of natural gas, NGLs, crude oil and condensate through its natural gas pipelines, plants and treatment facilities.

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