2 Legendary High Yielding Dividend Paying Stocks That Were Totally Forgotten

24/7 Wall St. Perspectives

• High-yielding dividend stocks will be in high demand as interest rates fall.
• There is a good chance that rates will fall 2% or more from current levels by 2026.
• stay back and let dividends do the hard work for a simple and steady path to serious wealth creation over time. Grab a free copy of “7 Things I Look for in a Dividend Stock,” plus get the two best dividend stocks to own today. Access 2 legendary high-yielding dividend stocks that Wall Street loves.

Investors love dividend stocks, especially high-yielding stocks, as they provide a significant income stream and have massive total return potential. Total return includes interest, capital gains, dividends and distributions realized over time. In other words, the total return on an investment or portfolio consists of income and stock appreciation.

Let’s take one a closer look at the concept of total return. Imagine buying a stock at $20 that pays a 3% dividend. If the stock price rises to $22 in one year, your total return is 13%. This is calculated by adding the 10% increase in share price to the 3% dividend.

Many of the top dividends the stocks we cover have risen in price over the past six months as investors anticipating the rate cut cycle, combined with the bond market doing the same and pushing Treasury yields lower, have consistently bought top stocks like Altria Inc. (NYSE: MO ). When the price of dividend stocks rises, the stock’s yield falls.

I screened our database of high yielding dividend stocks 24/7 wall st. and found two companies that everyone knows, that have been around forever, that pay big dividends to shareholders, and seem to have been totally forgotten. Both look like steals at current trading levels.

Why do we hedge dividend stocks?

Dividend shares provide investors with reliable streams of passive income. Passive income is characterized by its ability to generate income without requiring continuous active effort from the recipient, making it a desirable financial strategy for those looking to diversify their income streams or achieve financial independence.

Photocopying

Xerox sells print and digital document products and services in more than 160 countries.

This company it doesn’t just make babies and offers a sweet dividend of 9.27%. Xerox Holdings Corp/ (NASDAQ: XRX ), together with its subsidiaries, operates as a workplace technology company that integrates hardware, services and software for enterprises in the Americas, Europe, the Middle East, Africa, India and elsewhere.

The company operates through two segments,

• Print and others
• FITTLE

Printing and more segment designs, develops and sells document systems, solutions and services, as well as IT and software products and services.

FITTLE the segment offers financing solutions for direct customer purchases in the channel; and leasing financing to end users.

It also offers:

Workplace solutions including:

• Monochrome, color and multifunction desktop printers and ConnectKey software
• digital printing presses and light manufacturing devices; and digital services that support workflow automation, personalization and communication software, content management solutions and digitization services

In addition, the company ensures:

• Graphic communications
• Solutions in the factory and production
• FreeFlow, a software solution for automating and integrating print job processing that includes file preparation
• Final production and electronic publication; and IT services
• End-user computing devices, network infrastructure and communications technology
• Technology product support, professional engineering and commercial robotic process automation

Moreover, it sells paper products and stand-alone software such as CareAR, DocuShare and XMPie, and invests in startups.

western union

Western Union is an American multinational financial services corporation.

While the request for telegrams is long gone, the demand to transfer money is not, and this famous company has grown as a result. It pays a strong dividend of 7.97%. Western Union Co. (NYSE: WU) provides global money movement and payment services.

The company operates on two segments:

• From consumer to consumer
• Business solutions

From consumer to consumer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations and through websites and mobile devices.

Business solutions the segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium-sized enterprises, other organizations, individuals and foreign exchange forward contracts and options.

It also offers bill payment services that facilitate payments from consumers to businesses and other organizations, and provide payment orders and other services.

Five highest-dividend aristocrats may explode further as rate cuts begin

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