5 High-Yield Dividend Stocks to Buy in July

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In this article, we discuss 5 high-yield dividend stocks to buy in July. If you want to read our detailed analysis of dividend stocks and their performance, go directly to 10 High-Yield Dividend Stocks to Buy in July

5. Philip Morris International Inc. (NYSE:PM)

Dividend Yield as of July 13: 5.33%

Philip Morris International Inc. (NYSE:PM) sells and markets tobacco products in over 180 countries and is the second-largest seller of tobacco in the world.

On June 17, Philip Morris International Inc. (NYSE:PM) declared a quarterly dividend of $1.25 per share, consistent with the previous dividend. The company has been raising its dividend each year since it went public in 2008. In the past ten years, the company has raised its dividend by 56.4%, which makes it one of the best high-yield dividend stocks. Though its payout ratio is currently set at 80%, Philip Morris International Inc. (NYSE:PM) expects to stabilize its payout ratio in the upcoming quarters. In Q1 2022, the company generated operating cash flow of around $10 billion, which shows that it is well-positioned to carry out its operations smoothly.

At the end of Q1 2022, 55 of the hedge funds that are monitored by Insider Monkey’s database owned stakes in Philip Morris International Inc. (NYSE:PM), valued at over $6.6 billion. In comparison, 47 hedge funds held positions in the New York-based company in the previous quarter, with stakes valued at roughly $6.2 billion.

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