Investors seek dividend stocks for stable income

Investors often seek safer options during market downturns, and dividend stocks are popular for providing steady income. Three stocks currently stand out for their high dividend yields: Chevron, Realty Income, and American States Water. Chevron offers a dividend yield of 4.4%. Despite recent market volatility and declining energy prices, Chevron’s stock has increased by over 8% this year. The company has raised its dividend for 38 consecutive years, showing strong commitment to rewarding shareholders. Chevron projects it will generate substantial free cash flow, ensuring ongoing dividend security. American States Water has a long history of paying dividends, with a yield of 2.4%. It operates two significant regulated utilities in California, which provide reliable cash flow. These funds help the company sustain and grow its dividend. It has successfully increased both earnings and dividends over the past 20 years. Realty Income, known for its monthly dividend payments, has a yield of 5.7%. It has paid dividends consistently for 30 years, increasing them 130 times. The Real Estate Investment Trust (REIT) owns over 15,600 properties, minimizing risk. Its portfolio is mostly single-tenant properties, which helps ensure steady income as tenants cover costs. For investors looking for dividend stocks, American States Water and Realty Income are currently trading at discounts, making them attractive options. Chevron, though not a bargain, remains a solid choice for those focused on energy sector investments.