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AT&T (T)

Let’s start with a household name.

AT&T is one of the largest telecommunications companies in the world. More than 100 million consumers in the U.S. use its mobile and broadband services. At the same time, the company also serves nearly all of the Fortune 1000 companies with connectivity and smart solutions.

And because wireless and internet services are essential for the modern economy, AT&T generates recurring business through thick and thin.

The company pays quarterly dividends of 27.75 cents per share, translating to an annual yield of 5.8%.

Considering that the average S&P 500 company yields just 1.6% at the moment, AT&T could be worth a look for income-seeking investors.

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United Parcel Service (UPS)

E-commerce has been one of the fastest-growing segments in the market, and the stay-at-home environment induced by the pandemic only made online shopping more popular.

But it’s freight companies like United Parcel Service that made e-commerce possible in the first place.

UPS posted solid financial results for Q3, as consolidated revenue grew 4.2% year-over-year to $24.2 billion. Meanwhile, adjusted earnings per share rose 10.3% to $2.99.

Shares are down 14% in 2022, but a potentially strong holiday quarter could bring back some investor enthusiasm. Management expects full year consolidated revenue to be around $102 billion.

Walgreens Boots Alliance (WBA)

Despite being one of the essential service providers, Walgreens Boots Alliance hasn’t been a market darling. Shares are down 23% in 2022 and 43% over the past five years.

But the company is on Goldman Sachs’ list.

That’s likely because while Walgreens shares have fallen, its payout to shareholders has been on the rise. In July, the company boosted its quarterly dividend by 0.5% to 48 cents per share, marking its 47th consecutive annual dividend increase.

Looking further back, you’ll see that the retail pharmacy giant has paid uninterrupted dividends for more than 89 years. The stock currently yields 4.7%.

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Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

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