5 Blue Chip Dividend Giants Passive Income Investors Can Always Depend On

24/7 Wall St. Perspectives

• The futures market has priced in a 100% chance of a rate cut in September.
• Dividend stocks will have a huge tailwind as interest rates fall.
• Passive income is simple: quality own dividends that pay you for doing nothing. Don’t miss our new report “7 Things I Look for in a Dividend Stock.” Includes two A++ dividend stocks and how to identify future dividend winners that can put your yields on hyperdrive. Access 2 legendary high-yielding dividend stocks that Wall Street loves.

Dividend shares they are a favorite among investors for good reason. They provide a steady stream of passive income and offer a promising path to total return. Total return, a comprehensive measure of investment performance, includes interest, capital gains, dividends and distributions realized over time.

At 24/7 Wall St., we’ve focused on dividend stocks for over 15 years because, despite the ups and downs that always accompany the stock market, the reality for many people is the need to have solid passive income streams to accompany income from employment or other avenues . The more passive income that can help cover expensive and growing costs like mortgage, insurance, taxes and other expenses, the easier it is for investors to keep money for future needs as they build toward retirement.

With stock overbought in the market, critical national and state elections less than two months away and a geopolitical pot ready to tip over, growth and income investors should look to top large dividend stocks for safe and reliable passive income. Companies that have stood the test of time and will likely continue to increase the dividends they pay to shareholders.

I screened our universe of dividend stock research 24/7 wall st. and found five top stocks that are trading at reasonable levels and providing strength that makes sense as we enter a very volatile time of year for stocks. All rated Buy at top Wall Street firms.

Why do we hedge dividend stocks?

Dividend shares provide investors with reliable streams of passive income. This passive income, characterized by its ability to generate income without requiring the beneficiary’s continuous active effort, is a flexible financial strategy that can help diversify income streams and achieve financial independence.

Altria

Altria manufactures and sells smoking and oral tobacco products in the United States.

This tobacco the company offers value investors an excellent entry point. Now trading at a reasonable 10.1 times 2025 earnings, it pays a rich dividend of 7.60%. Altria Group Inc. (NYSE: MO) manufactures and sells smoking and oral tobacco products in the United States through its subsidiaries.

The company provides cigarettes mainly under the Marlboro brand, as well as:

• Cigars and pipe tobacco, mainly under the Black & Mild brand
• Smokeless moist tobacco and snus products under the brands Copenhagen, Skoal, Red Seal and Husky
• on! Oral nicotine pouches

He sells his tobacco products mainly to wholesalers, including distributors and large retail organizations such as chain stores.

Altria used to own more than 10% of Anheuser-Busch InBev SA (NYSE: BUD), the world’s largest brewer. The company sold 35 million of its 197 million shares through a global secondary offering. This represents 18% of their holdings, but still leaves 8% of outstanding shares in their back pocket. They also announced a $2.4 billion share buyback plan, partially funded by the sale.

City Group

Citigroup is an American multinational investment bank and financial services company headquartered in New York City.

This is a top monetary central bank, and Warren Buffett bought a massive $2.5 billion worth of shares in the summer of 2022. The stock pays a reliable 3.43% dividend. Citigroup Inc. (NYSE: C) is a leading global diversified financial services company that provides a broad range of financial products and services to consumers, corporations and governments.

City Group offers:

• Consumer and credit bank
• Corporate and Investment Banking
• Brokerage of securities
• Transaction Services
• Wealth management services

Citi operates and does business in over 160 countries/jurisdictions in North America, Latin America, Asia, Europe/Middle East and Africa (EMEA).

Trading at a at a reasonable 9.2 times 2025 earnings, this company looks very reasonable in a volatile stock market and a sector that lagged somewhat in 2024, but appears to be gaining ground.

Comcast

Comcast is an American multinational telecommunications and media conglomerate.

This media top and the entertainment company remains a Wall Street favorite and pays a solid 3.18% dividend. Comcast Corp. (NYSE: CMCSA) is a global media and technology company.

works through four segments:

• Connectivity and residential platforms
• Connectivity for business services
• Media, Studios
• Theme park segments

Residential The Connectivity & Platforms segment offers residential broadband and wireless services, residential and business video services, Sky-branded entertainment television networks and advertising.

Business services The Connectivity segment provides connectivity services for small business locations, including broadband, wireline and wireless voice services. It also provides solutions for medium and larger enterprise customers and connectivity services for small businesses in the UK.

Media Segment operates NBCUniversal’s television and streaming business, including:

• National and regional cable networks
• NBC and Telemundo broadcast networks
• Owned local television stations
• Peacock, a direct-to-consumer streaming service

It also works international television networks comprising the Sky Sports networks and other digital properties.

The Studios segment operates production and distribution operations of NBCUniversal and Sky television and film studios.

Theme parks The segment operates Universal theme parks in:

• Orlando, Florida
• Hollywood, California
• Osaka, Japan
• Beijing, China

Exxon Mobil

Exxon manages an industry-leading portfolio of resources and is one of the world’s largest integrated fuels, lubricants and chemicals companies.

Volatility the price of oil provides investors with an excellent entry point, and they will be happy to receive a strong dividend of 3.22%. Exxon Mobil Corp. (NYSE: XOM) is the world’s largest integrated international oil and gas company, exploring for and producing crude oil and natural gas in:

• United States of America
• Canada/South America
• Europe
• Africa
• Asia
• Australia/Oceania

Exxon also produces and markets petrochemical base products, including olefins, aromatics, polyethylene and polypropylene plastics and specialty products, and transports and sells crude oil, natural gas and petroleum products.

Top Wall Street Analysts expect the company to remain a key beneficiary in a higher oil price environment, and most remain very bullish on the company’s sharp positive inflection in its capital allocation strategy, upstream portfolio and leverage for a subsequent recovery in demand. Exxon offers more downstream/chemicals exposure than its peers.

Exxon is done its acquisition of oil shale giant Pioneer Natural Resources in a $59.5 billion all-stock buyout. The deal created the largest producer of U.S. oilfields and guaranteed a decade of low-cost production.

Pfizer

Pfizer is an American multinational pharmaceutical and biotechnology corporation headquartered at The Spiral in Manhattan.

This top pharmaceutical product the stock was a massive winner in the COVID-19 vaccine sweepstakes, but has been knocked down in recent years as many don’t get boosters. Pfizer Inc. (NYSE: PFE ) discovers, develops, manufactures, markets, distributes and sells biopharmaceutical products worldwide and pays a hefty dividend of 5.79%, which has grown annually over the past 14 years.

The company offers drugs and vaccines in various therapeutic areas, including:

• Cardiovascular Metabolic and Women’s Health under the Premarin Family and Eliquis Brands
• Biologics, small molecules, immunotherapies and biosimilars under the brands Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena and Braftovi
• Sterile injectable and anti-infective drugs and oral COVID-19 treatment under the brand names Sulperazon, Medrol, Zavicefta, Zithromax, Vfend, Panzyga and Paxlovid

Pfizer too provides drugs and vaccines in various therapeutic areas such as:

• Pneumococcal disease, meningococcal disease, tick-borne encephalitis
• COVID-19 under the brands Comirnaty/BNT162b2, Nimenrix, FSME/IMMUN-TicoVac, Trumenba and the Prevnar family
• Biosimilars for chronic immune and inflammatory diseases under the brand names Xeljanz, Enbrel, Inflectra, Eucrisa/Staquis and Cibinqo
• Amyloidosis, hemophilia and endocrine diseases under the brands Vyndaqel/Vyndamax, BeneFIX and Genotropin

Trade not far Coming off a 13-year split-adjusted low, the stock is an incredible bargain at current levels and pays a massive dividend. Pfizer reported second-quarter revenue of $13.3 billion, representing 3% year-over-year operating growth despite an expected drop in revenue from COVID and 14% year-over-year operating growth of revenues from the company’s non-COVID product portfolio. .

pharmaceutical The giant raised full-year 2024 revenue guidance to $59.5 billion to $62.5 billion and raised adjusted diluted EPS guidance to $2.45 to $2.65. Patient investors will be paid one of the largest blue-chip dividends, and the stock trades at a reasonable 9.88 times 2025 earnings.

Goldman Sachs adds two blue chip dividend giants to its list of top stock picks

The post 5 Blue Chip Dividend Giants Passive Income Investors Can Always Count on appeared first on 24/7 Wall St.