Stocking Stuffers for Income Investors: 3 Ultra-High-Yield Dividend Stocks to Buy Before the End of 2024

Enterprise Products Partners (EPD) - Enterprise Products Partners operates over 50,000 miles of pipelines transporting natural gas liquids, natural gas, crude oil, and petrochemicals across the US [2] - The company owns midstream energy assets including storage facilities holding over 300 million barrels of liquids and 42 natural gas processing trains [2] - Enterprise Products Partners has an A credit rating, reflecting high credit quality and low default risk [3] - The company has consistently generated double-digit percentage returns on invested capital (ROIC) over the last two decades [3] - Enterprise Products Partners offers a forward distribution yield of 6.79% and has increased its distribution for 26 consecutive years [8] - The company is expected to benefit from favorable policies likely to be implemented by the incoming Trump administration [9] - Shares are trading at 10.5 times forward earnings, indicating a relatively cheap valuation [9] Pfizer (PFE) - Pfizer's COVID-19 revenue has significantly declined, and the company faces patent exclusivity losses for multiple blockbuster drugs in the coming years [4] - The company has a strong forward dividend yield of 6.53% and is expected to boost its dividend payout next year [5] - Pfizer is trading at below 8.7 times forward earnings, suggesting an attractive valuation [5] - The company is less dependent on COVID-19 product sales now, with newer products like the respiratory syncytial virus vaccine Abrysvo driving growth [11] - Recent acquisitions, including drugs like Adcetris and Padcev, are generating significant revenue [11] United Parcel Service (UPS) - UPS returned to revenue and profit growth in the third quarter of 2024, moving past the overhang of front-loaded costs associated with its Teamsters Union deal [6] - The company offers an attractive forward dividend yield of 5.19% and has increased its dividend for 15 consecutive years [13] - UPS is the world's largest package delivery company, delivering an average of 22.3 million packages and documents each day [12] - The company is focused on improving profitability by expanding into healthcare logistics and serving small-to-medium-sized businesses [15]