Here are 3 top dividend stocks in 2022 with yields as high as 10.1% — for risk-averse investors in search of passive income, these might be perfect
It’s been an eventful start to 2022.
Earlier this week, data showed that inflation surged 7% in December, the fastest pace since June 1982. That prompted the Fed to hint at multiple rate hikes.
But with most savings accounts still paying less than 0.6% annually, things remain challenging for investors looking to earn a passive income.
The good news? Even in the current interest rate environment, you can find companies paying generous dividends to investors.
Rock-solid dividend stocks have the potential to:
Offer a plump income stream in good times and bad.
Provide diversification to growth-oriented portfolios.
Outperform the S&P 500 over the long haul.
Here’s a look at three dividend stocks that could be an opportunity for income investors in 2022.
At a time when many brick-and-mortar retailers remain in the doldrums, powerhouse Walmart stands out.
The company runs a massive retail business with approximately 10,500 stores under 48 banners in 24 countries. Thanks to its “Everyday Low Prices,” Walmart attracts around 220 million customers to its stores and websites every week.
Walmart has thrived during the COVID-19 pandemic.
In the three months ended Oct. 31, 2021, revenue grew 4.3% year over year to $140.5 billion. Notably, comparable-store sales — a key measure of a retailer’s health — at Walmart U.S. rose 9.2%.
The company has also capitalized on the e-commerce boom, which is often considered a threat to physical retailers. Compared to two years ago, Walmart U.S. e-commerce sales grew 87%.
The retail giant started paying dividends in 1974 and has increased its payout every year since.
With a quarterly dividend rate of 55 cents per share, Walmart offers an annual yield of 1.5%.
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