Heading into the last three months of the year, there is no shortage of quality stocks for income investors to choose from now. Three of the best ones you can buy today include Viatris (NASDAQ: VTRS) , Chevron (NYSE: CVX) , and AT&T (NYSE: T) . They all pay better than the S&P 500 average yield of 1.5%, and their fundamentals are also sound. Here's a closer look at all three stocks and why you should consider buying them today.
Generic drugmaker Viatris offers investors both stability and a high yield. Its business is broad as its products help treat multiple therapeutic areas, including diabetes, immunology, and oncology. The company is coming off a strong second quarter where free cash flow of $719 million for the period ended June 30 was up more than 50% year over year. It used some of that cash ($627 million) to pay down debt.
Viatris isn't a stock that's likely to generate much growth, but the company has been launching new products this year and anticipates up to $600 million in new revenue from them. With a 4.9% yield, the dividend may be the most attractive feature of the healthcare stock . The $146 million that the company paid out during the period was just one-fifth of the free cash it reported. If the trend keeps up, there's little reason to worry about the safety of this payout.
For further details see:
3 of the Best Dividend Stocks to Buy in September