Since the start of April, stocks have only gained 1%, but it's times like these when the best high-yield dividend stocks to buy now help investors the most.
The best dividend stocks are safe havens with strong, consistent yields. Plus, the top high-yield dividend stocks have great upside potential too.
And our three best dividend stocks are doing just what we expect them to do: outperforming the stock market.
Each one offers a yield higher than the interest on a typical savings account. But they also happen to be thriving on the volatility of today's market. Their shares are forecast to rise a minimum of 15% over the next year.
These are long-term winners anticipated to be strong no matter what the stock market does.
One has even hit a perfect Money Morning VQScore™ – that's our proprietary system for evaluating the future earnings growth and breakout potential of a stock.
And a perfect score means it's almost certain to soar in the next few months.
The Best High-Yield Dividend Stocks to Buy Now, No. 3: Anheuser Busch
Anheuser Busch Inbev NV (NYSE: BUD) is a household name that currently offers a 2.3% dividend yield.
Between 2016 and 2018, the company's revenue increased by 20%, jumping from $45.5 billion to $54.6 billion.
Nay-sayers might focus on the 45% drop in net income during the same period. But that slide stemmed primarily from buying a wine and spirits company and 50,000 solar panels. Despite these investments, BUD still made a profit of $4.4 billion. Plus, the solar panels should allow the company to save on energy costs in the future.
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Though its classic Budweiser beer is common in the United States, Anheuser Busch is a luxury beer brand in China. It makes up an astonishing 46.6% of the Chinese beer market and retails for nearly 12% more than it does in the U.S.
The BUD stock has been gaining steadily since the end of 2018. The shares have climbed nearly 30% since then. Though that's all in the past, it's thanks to a front office that's demonstrated significant forward-thinking capacity in its business decisions – they're planning a Hong Kong IPO in the very near future, which should boost the stock price even further.
The company's Asian business is currently valued at $5 billion. This may even allow the company to side-step U.S.-China trade tensions and brew in Asia.
BUD not only has a terrific dividend, but is well-positioned to succeed in foreign markets. Right now, the shares are selling for $86.81. With big moves being made and a great dividend, BUD stands to be one of the best dividend stocks to ride the trade war.
Shares currently trade for $86.81, but they are forecast to go as high as $150.29. That's a gain of nearly 73%. Its yearly earnings per share (EPS) is forecast to rise from $3.44 to $4.85.
This stock has a VQScore of 4.15, which means its price is expected to shoot up at any moment.
But this next stock has an even higher dividend yield (4.18%), and a special catalyst may also give it more upside over the coming months.
The Best High-Yield Dividend Stock to Buy Now, No. 2: Verizon
Verizon Communications Inc. (NYSE: VZ) is also a household name. But it's on our list because of the impressive 4.18% dividend yield.
In 2018, VZ's revenue grew just 4%, rising to $131 billion from $126 billion. Its net income fell by 48%, but that still meant profits of $16 billion.
And it's all because the company has been upgrading its North American networks for the highly anticipated revolution in 5G technology.
5G is estimated to be 100 times faster than the current 4G wireless networks. The technology is expected to connect all devices over huge distances and enable innovative technology like self-driving vehicles and more potent artificial intelligence (AI).
Verizon has already rolled out 5G networks in U.S. cities like Los Angeles, Chicago, Houston, Minneapolis, Indianapolis, and Sacramento. By year-end, it plans to be in 30 U.S. cities.
VZ shares sell now for $57.17. Analysts believe they can rise to $67 by year-end 2019, a 17% jump. That's a wonderful bonus for a stock that already serves up a regular income through its strong dividend yield.
The Best High-Yield Dividend Stock to Buy Now, No. 1: AT&T
The top stock on our list has a dividend yield of 6.29%. It's another U.S.-based telecom, AT&T Inc. (NYSE: T).
This a very strong company with deep roots – many are familiar with its leading position in the telecom industry as a spin-off of Southwestern Bell, which is more than 100 years old.
In 2018, AT&T reported revenue of $170.8 billion. A solid $19.3 billion of that was profit.
Like VZ, AT&T is a play on 5G. It's investing rapidly in building out its 5G networks in Atlanta, Austin, Los Angeles, and 16 other cities.
The time to invest in these stocks is now because 5G will become a reality in the next six months. First-mover advantage will matter, just as it did with computers and the Internet.
In addition, AT&T owns the CNN network via its parent company, Warner Media. As a result, it makes money from a diversified media portfolio that includes TBS, HBO, and DC Entertainment.
Its shares currently trade for $32.41. Analysts estimate they could climb to $43, a 31% gain.
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This article is supplied courtesy of Money Morning.