The 5 Highest-Yielding 'Strong Buy' Dow Stocks Are Outstanding 2022 Ideas

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Verizon’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. Its wireline business has undergone a period of secular decline due to wireless substitution and cable competition.

Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.

Investors receive a 4.82% dividend. The $71 Cowen price target compares with a $60.36 consensus target for Verizon Communications stock. Shares ended Tuesday’s trading session at $52.78.

Walgreens

This huge drugstore chain operator is a safe retail play for investors looking to add health care now. Walgreens Boots Alliance Inc. (NASDAQ: WBA) operates as a pharmacy-led health and beauty retail company. It operates through three segments.

The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores. It also provides specialty pharmacy services and mail services; this segment operates nearly 10,000 retail stores under the Walgreens and Duane Reade brands in the United States; and six specialty pharmacies.

The Retail Pharmacy International segment sells prescription drugs and health and wellness, beauty, personal care and other consumer products through its pharmacy-led health and beauty stores and optical practices, as well as online and an integrated mobile application. This segment operated 4,428 retail stores under the Boots, Benavides and Ahumada in the United Kingdom, Thailand, Norway, the Netherlands, Mexico and elsewhere, and 550 optical practices, including 165 on a franchise basis.

The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home health care supplies and equipment, as well as provides related services to pharmacies and other health care providers.

The dividend yield is 3.91%. Baird has set a $68 price target on Walgreens Boots Alliance stock. The consensus target is $52.58. The shares were last seen on Tuesday at $49.96 apiece.

Technically Chevron is one of the five highest-yielding in the venerable index, but we wanted to cover five different sectors with only one stock that all look like great ideas for 2022, and these five outstanding blue-chip companies that have all traded down some this year are offering growth and income investors incredible entry points and some big, and most importantly reliable dividends.

For those versed in options trading, these all offer some nice premiums for covered call writing, which also can increase the total return potential, especially for those with a long-term investment horizon.