But pandemic sales are now receding and investors have retreated from Pfizer’s stock, which is down around 30% year to date. Pharmaceutical giant Pfizer (NYSE:PFE) saw sales jump as the world tackled the COVID-19 pandemic. The stock currently trades at a price-to-earnings ratio of 42 with a 7.2% dividend yield. Enbridge has ramped up its dividend every year for 28 consecutive years. The fact that Enrbidge derives its value from hard assets and infrastructure makes it a more reliable stock than energy producers and refiners. In recent months the company has announced plans to expand its network as demand for energy rebounds and North American energy producers ramp up exports to Europe. Canadian firm Enbridge (NYSE:ENB) operates the largest network of oil and natural gas pipelines across the continent. North America’s energy infrastructure is another timeless asset. (They’re all outside of the stock market.) Read more: Worried about the economy? Here are the best shock-proof assets for your portfolio. state and territory by 2030 under the Broadband Equity Access and Deployment Program.ĪT&T expects to generate over $16 billion in free cash flow this year, which would help underwrite the firm’s hefty 7.4% dividend yield, which is far higher than that of most blue chip stocks at the moment. And given its investments in 5G and fiber optics, the company stands to benefit from the Biden Administration’s new $42 billion plan to make internet access universal in every U.S. The company has significant market share in America, which gives it clear economies of scale. Telecommunications giant AT&T (NYSE:T) is on this list because the need for broadband and wireless data is rock-solid. Here are three income-generating stocks – call them “forever assets” – that offer a dividend yield of up to 7.4%. Building a stream of reliable passive income could be one of the few ways to escape the rat race. Nearly 20% of respondents said they “almost or almost always” lose sleep over concerns about money. Up to 87% of Americans claim to have lost sleep because of economic anxiety, according to a survey commissioned by the American Academy of Sleep Medicine. But this simple hack can turn your stressful daily spending into a golden nest egg Here's how to diversify your portfolio without the headache of being a landlordĪmericans are spending a ridiculous $253/month more on groceries. Get in now for strong long-term tailwindsĬommercial real estate has outperformed the S&P 500 over 25 years. Rich young Americans have lost confidence in the stock market - and are betting on these 3 assets instead. His words seem more pertinent now when even high-income Americans are losing sleep over the state of the economy and the rising cost of living. Legendary investor Warren Buffett once said, “If you don't find a way to make money while you sleep, you will work until you die.” Warren Buffett warns that you will 'work until you die' if you can't find a way to make money while you sleep - here are 3 'forever assets' yielding up to 7.4%
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