74 S&P 500 stocks that can beat the cash yield – BofA

BofA Securities’ Savita Subramanian put together a list of S&P 500 (SP500) stocks that are expected to offer a higher dividend yield over the next three years than the current three-year U.S. Treasury yield (US3Y).

Currently, the three-year Treasury yield (US3Y) is 3.9%.

BofA economists believe the Fed will start to cut rates in September, ending at a terminal rate of 3.25-3.5% in mid-2026, and “a drop in money market yields could drive a shift in retiree assets into higher dividend-yielding stocks.”

Here are the stocks:

• Walgreens Boots Alliance Inc. (WBA) – three-year annualized dividend yield: 8.9%
• Seagate Technology Holdings Plc (STX) – three-year annualized dividend yield: 7.9%
• Allstate Corp. (ALL) – three-year annualized dividend yield: 7.6%
• Altria Group Inc. (MO) – three-year annualized dividend yield: 7.6%
• Pfizer Inc. (PFE) – three-year annualized dividend yield: 6.5%
• Verizon Communications Inc. (VZ) – three-year annualized dividend yield: 6.5%
• Dow Inc. (DOW) – three-year annualized dividend yield: 6.4%
• KeyCorp. (KEY) – three-year annualized dividend yield: 6.3%
• Stanley Black & Decker Inc. (SWK) – three-year annualized dividend yield: 5.9%
• Ford Motor Co. (F) – three-year annualized dividend yield: 5.9%
• Dominion Energy Inc. (D) – three-year annualized dividend yield: 5.7%
• AT&T Inc. (T) – three-year annualized dividend yield: 5.7%
• BXP Inc. (BXP) – three-year annualized dividend yield: 5.7%
• Merch & Co. Inc. (MRK) – three-year annualized dividend yield: 5.6%
• Franklin Resources Inc. (BEN) – three-year annualized dividend yield: 5.6%
• Crown Castle Inc. (CCI) – three-year annualized dividend yield: 5.6%
• LyondellBasell Industries NV (LYB) – three-year annualized dividend yield: 5.6%
• Healthpeak Properties Inc. (DOC) – three-year annualized dividend yield: 5.6%
• Kinder Morgan Inc. Class P (KMI) – three-year annualized dividend yield: 5.5%
• Invesco Ltd. (IVZ) – three-year annualized dividend yield: 5.5%
• VICI Properties Inc. (VICI) – three-year annualized dividend yield: 5.3%
• Hasbro Inc. (HAS) – three-year annualized dividend yield: 5.3%
• Simon Property Group Inc. (SPG) – three-year annualized dividend yield: 5.3%
• Realty Income Corp. (O) – three-year annualized dividend yield: 5.2%
• United Parcel Service Inc. Class B (UPS) – three-year annualized dividend yield: 5.2%
• Bristol-Myers Squibb Co. (BMY) – three-year annualized dividend yield: 5.1%
• U.S. Bancorp (USB) – three-year annualized dividend yield: 5.1%
• Prudential Financial Inc. (PRU) – three-year annualized dividend yield: 5%
• Truist Financial Corp. (TFC) – three-year annualized dividend yield: 4.9%
• Host Hotels & Resorts Inc. (HST) – three-year annualized dividend yield: 4.9%
• T. Rowe Price Group (TROW) – three-year annualized dividend yield: 4.9%
• Citigroup Inc. (C) – three-year annualized dividend yield: 4.9%
• Regions Financial Corp. (RF) – three-year annualized dividend yield: 4.8%
• Citizens Financial Group Inc. (CFG) – three-year annualized dividend yield: 4.8%
• Huntington Bancshares Inc. (HBAN) – three-year annualized dividend yield: 4.7%
• Amcor Plc (AMCR) – three-year annualized dividend yield: 4.7%
• Philip Morris International Inc. (PM) – three-year annualized dividend yield: 4.7%
• ONEOK Inc. (OKE) – three-year annualized dividend yield: 4.7%
• Conagra Brands Inc. (CAG) – three-year annualized dividend yield: 4.6%
• CVS Health Corp. (CVS) – three-year annualized dividend yield: 4.6%
• Alexandria Real Estate Equities Inc. (ARE) – three-year annualized dividend yield: 4.6%
• Best Buy Co. Inc. (BBY) – three-year annualized dividend yield: 4.6%
• Tyson Foods Inc. Class A (TSN) – three-year annualized dividend yield: 4.6%
• Devon Energy Corp. (DVN) – three-year annualized dividend yield: 4.6%
• Kraft Heinz Co. (KHC) – three-year annualized dividend yield: 4.6%
• Chevron Corp. (CVX) – three-year annualized dividend yield: 4.5%
• Eversource Energy (ES) – three-year annualized dividend yield: 4.5%
• Evergy Inc. (EVRG) – three-year annualized dividend yield: 4.5%
• Kimco Realty Corp. (KIM) – three-year annualized dividend yield: 4.4%
• Morgan Stanely (MS) – three-year annualized dividend yield: 4.4%
• Williams Companies Inc. (WMB) – three-year annualized dividend yield: 4.4%
• Interpublic Group of Companies Inc. (IPG) – three-year annualized dividend yield: 4.4%
• AES Corp. (AES) – three-year annualized dividend yield: 4.2%
• Pinnacle West Capital Corp. (PNW) – three-year annualized dividend yield: 4.2%
• Principal Financial Group Inc. (PFG) – three-year annualized dividend yield: 4.2%
• FirstEnergy Corp. (FE) – three-year annualized dividend yield: 4.2%
• State Street Corp. (STT) – three-year annualized dividend yield: 4.1%
• UDR Inc. (UDR) – three-year annualized dividend yield: 4.1%
• FMC Corp. (FMC) – three-year annualized dividend yield: 4.1%
• Gilead Sciences Inc. (GILD) – three-year annualized dividend yield: 4.1%
• Exelon Corp. (EXC) – three-year annualized dividend yield: 4.1%
• Extra Space Storage Inc. (EXR) – three-year annualized dividend yield: 4%
• Viatris Inc. (VTRS) – three-year annualized dividend yield: 4%
• PNC Financial Services Group Inc. (PNC) – three-year annualized dividend yield: 4%
• Entergy Corp. (ETR) – three-year annualized dividend yield: 4%
• Edison International (EIX) – three-year annualized dividend yield: 4%
• Federal Realty Investment Trust (FRT) – three-year annualized dividend yield: 4%
• Kenvue Inc. (KVUE) – three-year annualized dividend yield: 3.9%
• WEC Energy Group Inc. (WEC) – three-year annualized dividend yield: 3.9%
• Xcel Energy Inc. (XEL) – three-year annualized dividend yield: 3.9%
• Mid-America Apartment Communities Inc. (MAA) – three-year annualized dividend yield: 3.9%
• Equity Residential (EQR) – three-year annualized dividend yield: 3.9%
• Regency Centers Corp. (REG) – three-year annualized dividend yield: 3.9%
• Darden Restaurants Inc. (DRI) – three-year annualized dividend yield: 3.9%