BCE(US:BCE) The Motley Fool·2024-10-05 09:45Core Viewpoint - High-yield dividend stocks can provide significant cash flow for investors, with Pfizer, BCE, and Western Union being highlighted as strong candidates due to their yields exceeding the average S&P 500 yield of 1.3% [1] Group 1: Pfizer - Pfizer offers a dividend yield of approximately 5.9%, attributed to a declining share price, which has decreased by 13% over the past five years [2] - The company is focusing on growth through acquisitions and has potential in the anti-obesity market, projected to exceed $100 billion by the end of the decade [3] - Despite recent underwhelming performance due to asset impairment charges, Pfizer has over 110 programs in its pipeline, indicating potential for future growth [3] - A $23,000 investment in Pfizer could yield about $1,360 in annual dividends [3] Group 2: BCE - BCE, a leading Canadian telecom company, has shown consistent revenue growth from CA$22.9 billion ($16.9 billion) in 2020 to CA$24.7 billion in 2023 [4] - The stock has a low beta value of approximately 0.50, making it a stable investment option for risk-averse investors [4] - BCE offers a high dividend yield of 8.5%, which could generate around $1,950 in annual dividends from a $23,000 investment [4] Group 3: Western Union - Western Union remains a trusted brand in the payment industry, with a 4% year-over-year increase in consumer money transfer transactions and a 13% growth in branded digital transactions [5] - The company anticipates operating margins of about 20% this year, with per-share earnings expected to be at least $1.62, sufficient to cover its annual dividend of $0.94 per share [6] - With a share price under $12, Western Union offers an 8% dividend yield, potentially generating $1,840 in annual dividends from a $23,000 investment [6]