Market Volatility? No Problem, These S&P 500 Stocks Offer Consistent Dividends

investing.com:

At the start of the new year, companies typically convene General Meetings where the dividend payments to shareholders are often determined.

Companies usually opt to distribute profits to investors on a quarterly or annual basis.

The past year witnessed a consistent trend of regular dividend payments that have grown gradually.

In today's analysis, we'll focus on three companies distinguished by their regular dividend payments and a high dividend yield ratio, comparing last year's data against the S&P 500 average.

The upcoming weeks also coincide with the period for the release of financial statements for the last quarter of 2023.

Beginning with Altria (NYSE:MO), a holding company encompassing entities under the Philip Morris (NYSE:PM) brand within the tobacco industry.

Among these companies, Altria stands out with the highest dividend yield, reaching 9.75% last year.

Such a stock should easily cover the need to pay out a portion of profit to shareholders without the need to deviate from the positive path set in recent years.

The vast majority of the company's revenue comes from smoking products, yes, however, smoke-free products are starting to become increasingly important. This sector is expected to grow 35% by 2028, according to company estimates.

Another company to watch out for is Verizon Communications (NYSE:VZ), which is a major player in the US market for broad-based telecommunications services.

The company boasts of paying dividends continuously for the past 19 years with a dividend yield of 6.77% last year with a dividend payout ratio of 52.50%.

What is peculiar is that the company has maintained a stable level of net income for almost the entire last decade, which is a good prognosis when it comes to regular