5 Stocks, 1 Thing in Common: Consistent Cash Flows

Investors are looking for reliable income streams that can withstand market fluctuations. A group of five companies from different industries has one thing in common: their ability to generate consistent cash flows.

The biopharma giant AbbVie (NYSE:ABBV) boasts a 2.63% dividend yield, with annualized forward dividends of $6.92 per share. The company's immunology franchise is driving results, with second-quarter revenue reaching nearly $17 billion, up 10.2%. Skyrizi and Rinvoq sales are growing at a rate of 24% and 23.7%, respectively, more than covering the erosion of Humira.

Merk (NYSE:MRK) is another company in the group, with a yield of 2.31% and an annual dividend of $3.32 per share. The company's KEYTRUDA franchise sales rose 4% to $8.4 billion in the quarter. Merck remains committed to its dividend, aiming to increase it over time.

The semiconductor industry is represented by Texas Instruments (NASDAQ:TXN), which yields 2.19%. The company's analog cycle has turned, with second-quarter revenue up 23% year-over-year. Trailing 12-month free cash flow reached $6.5 billion, and management plans to return all free cash flow to shareholders.

United Parcel Service (NYSE:UPS) is the ultra-high-yield name in the group, boasting a yield of 6.54%. However, the company's coverage math is tightening, with dividends consuming nearly all guided free cash flow before pension contributions.

Last but not least, Waste Management (NYSE:WM) has a yield of 1.78%, with steady annual increases in its quarterly dividend payment. The company's free cash flow is growing, reaching $2.02 billion in the first half of the year.