Dividend stocks are set to surge as investors deploy $6 trillion from money-market funds, Bank of America says.
Investors could be looking to invest their cash as the Fed gets ready to cut interest rates in September.
AdvertisementSome of the highest-yielding S&P 500 companies include Walgreens Boot Alliance, Altria, Verizon, Ford, and AT&T.
And while the S&P 500 as a whole offers a dividend yield of about 1.25%, there are nearly 300 S&P 500 stocks that offer a higher yield.
AdvertisementSome of the high-paying dividend stocks recommended by Belski include Abbvie, Chevron, Duke Energy, Gilead Sciences, and Pfizer.
Persons:
—, Savita Subramanian, Subramanian, BMO's Brian Belski, Belski
Organizations:
Bank of America, Fed, BMO, Gilead Sciences, Service, Treasury, Walgreens Boot Alliance, Altria, Verizon, Ford, Belski, Duke Energy, Pfizer
Locations:
Chevron, Gilead, Abbvie