Top 3 Dividend Stocks for Reliable Income

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Top 3 Dividend Stocks for Reliable Income: Energy Transfer, Ares Capital, Verizon Communications

Looking for dividend stocks with high payouts and strong financial stability? Explore our curated selection of three top-performing companies poised to deliver consistent returns to investors.

1. Energy Transfer (NYSE: ET)

Energy Transfer operates approximately 125,000 miles of pipelines transporting crude oil, natural gas, and liquefied natural gas across the United States. Additionally, the company owns other assets, including storage facilities and terminals. With a stable cash flow, Energy Transfer consistently rewards its shareholders with reliable dividends.

2. Ares Capital (NASDAQ: ARCC)

As the largest publicly traded business development company (BDC), Ares Capital is mandated to distribute at least 90% of its income to shareholders to qualify for federal tax exemption. The company continues to generate significant income, evident from its dividend yield of nearly 9.4%. With the market for direct lending to middle-market companies on the rise, Ares Capital is well-positioned for growth.

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3. Verizon Communications (NYSE: VZ)

Verizon Communications provides wireless communication and broadband services to enterprises and consumers worldwide. The company has been increasing its dividend payments for 17 consecutive years, currently boasting a dividend yield of 6.2%. After years of stagnation and challenges, Verizon’s business appears to be gaining momentum. In 2023, the company’s free cash flow amounted to $18.7 billion compared to $14.1 billion in 2022.

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