Investing
Deutsche Bank Has 4 Sizzling 'Fresh Money' Dividend Stock Picks for Q3
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24/7 Insights
The artificial intelligence rally over the past year and a half, led by the so-called Magnificent 7, has been remarkable if you owned those stocks. However, most of the S&P 500 is treading water and will not likely catch up to the hype-driven AI stocks soon.
One thing remains certain. With storm clouds gathering on the horizon and the risk of an escalating conflict in the Middle East, many Wall Street strategists are cautious, predicting modest single-digit gains for the remainder of 2024. However, knowing that a significant 20% or more sell-off could also be possible is important.
Our screening of the Deutsche Bank list of “Fresh Money” Buy-rated dividend stocks has unearthed four top companies with solid total return potential and dependable dividends, presenting a promising opportunity for those seeking passive income.
These stocks are among one of the world’s most prestigious investment banks’ best dividend ideas for the third quarter, and they are likely to attract the attention of savvy investors.
The legacy telecommunications company has been going through a lengthy restructuring while lowering the dividend, which still checks in at 5.85%. AT&T Inc. (NYSE: T) provides worldwide telecommunications, media, and technology services.
Its Communications segment offers wireless voice and data communications services.
AT&T sells through its company-owned stores, agents, and third-party retail stores:
AT&T also provides:
In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers.
It markets its communications services and products under these brands:
The company’s Latin America segment provides wireless services in Mexico and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brands.
This is a steadfast healthcare stock for conservative investors, and it offers a reliable 2.41% dividend. Merck & Co. Inc. (NYSE: MRK) is a global company operating through two segments: Pharmaceutical and Animal Health.
The Pharmaceutical segment offers human health pharmaceutical products in:
The Animal Health segment discovers, develops, manufactures, and markets veterinary pharmaceuticals, vaccines, health management solutions and services, and digitally connected identification, traceability, and monitoring products.
Merck serves:
The company collaborates with AstraZeneca PLC (NYSE: AZN), Bayer, Eisai, Ridgeback Biotherapeutics, and Gilead Sciences Inc. (NASDAQ: GILD) to jointly develop and commercialize long-acting treatments for HIV.
This bank has a huge client base, pays a hefty 4% dividend, and is among the top 10 largest U.S. banks by assets. PNC Financial Services Group Inc. (NYSE: PNC) is a diversified financial services company in the United States.
It operates through three segments:
The company’s Retail Banking segment is a comprehensive suite of financial services, offering everything from checking, savings, and money market accounts to residential mortgages, auto loans, and investment and cash management services. This segment caters to consumer and small business customers through a wide network of branches, ATMs, call centers, and online and mobile banking channels.
PNC’s Corporate & Institutional Banking segment provides:
It serves mid-sized and large corporations, and government and not-for-profit entities.
The company’s Asset Management Group segment offers:
It also provides outsourced chief investment officers, custody, private real estate, cash and fixed-income client solutions, and fiduciary retirement advisory services for institutional clients.
Buy These 7 Dividend Stocks and Hold Them Forever
This is one of the larger companies in the industry and pays a massive 7.80% distribution. Sabra Healthcare REIT Inc. (NASDAQ: SBRA) is an internally managed healthcare REIT that invests in skilled nursing (SNF) and senior housing.
As of September 30, 2023, Sabra’s investment portfolio included:
As of September30, 2023, Sabra’s real estate properties held for investment included 37,606 beds/units spread across the United States and Canada.
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