Chevron, UPS, and VICI Lead High-Yield Dividend Stocks Amid Rising Interest Rates
As interest rates rise and government bond yields increase, investors are looking for reliable sources of income from their stock portfolios. Three companies stand out for their high dividend yields above 3%: Chevron (CVX), United Parcel Service (UPS), and VICI Properties (VICI).
Chevron, a global integrated energy company, generates revenue from Downstream operations in the US and internationally, as well as from Upstream activities. Its large franchises produce meaningful cash that supports a high, recurring payout even when energy markets fluctuate.
United Parcel Service runs global package delivery and logistics operations, moving time-sensitive parcels and freight for businesses and consumers worldwide while funding a sizable dividend. UPS's parcel volumes and logistics contracts feed the free cash flow that underpins its dividend yield above 3%.
VICI Properties is a real estate investment trust that owns casino and experiential properties, collecting long-term rent that supports its dividend. Its triple-net casino and hospitality leases provide contractual rent that can underpin a covered, high-yield dividend through different market cycles.