As of early June, an investor can earn roughly a 1.4% annual dividend yield by simply owning a market index fund that tracks the S&P 500. Read on to see why PepsiCo (NASDAQ: PEP), Hasbro (NASDAQ: HAS), IBM (NYSE: IBM), and Pfizer (NYSE: PFE) all deserve a spot on your income watchlist. Pepsi is just a year away from reaching Dividend King status, which will apply after it raises its dividend for a 50th consecutive year in 2022.
Century-old tech-giant International Business Machines (NYSE: IBM) has been trying and failing to tell a compelling turnaround story for years. The stock has been trending lower since 2013 despite significant progress shifting the business to high-growth areas like cloud computing and artificial intelligence. IBM made a big move in 2019 with the $34 billion acquisition of software company Red Hat.
These rock-solid income stocks are currently doling out a 4.4% to 7.7% yield to income-hungry investors.