Income investors are seeking yield in new places as stocks hit record highs. A diversified basket of blue-chip names offers over 7% annual yield and potential for future payout growth. Four stocks with dividend yields ranging from 6.7% to 8.2% provide a steady stream of income and potential capital appreciation. Criteria include S&P 500 membership, 5% dividend yield, five-year dividend increase streak, and no more than one stock per sector.

Conagra Brands, owner of national food brands, has a dividend yield of 8% amid a 37% stock decline. United Parcel Service’s 7% dividend yield is supported by a commitment to dividends since 1999. Pfizer boasts a 6.9% dividend yield and a 16-year track record of dividend increases. Verizon offers a 6.7% dividend yield and a commitment to annual increases for 21 years.

A $25,000 investment in each stock could yield $7,140 in dividend income annually. These high-yielding stocks provide stability, above-average yields, and long-term growth potential for income-oriented investors. Verizon Communications, with a 6.7% dividend yield, remains a top choice for dividend investors. The Motley Fool’s Stock Advisor team has identified other top stocks for investors to consider for potential returns.

Read more at Nasdaq: Want Over $7,000 in Annual Dividends? Invest $25,000 in Each of These 4 Stocks.