From Nasdaq: 2025-03-21 05:47:00

Rep. Marjorie Taylor Greene (R-Ga.) is a high-profile member of the U.S. House of Representatives. She recently invested in two high-yield dividend stocks, Devon Energy and United Parcel Service (UPS). Other congressmen, including Rep. Jefferson Shreve and Rep. Kevin Hern, also favor Devon Energy. Should investors follow suit and consider these stocks?

Devon Energy (NYSE: DVN) is a U.S. oil and gas producer with a significant presence in the Delaware Basin. The company achieved its highest production level in 2024 and has a forward dividend yield of 3.53%. Rep. Greene purchased shares of Devon Energy in January and February, as did Rep. Shreve and Rep. Hern.

UPS (NYSE: UPS) is the world’s largest package delivery company, generating 77% of its revenue in the U.S. The company has increased its dividend for 16 consecutive years, with a forward yield of 5.52%. Rep. Greene and Rep. Ro Khanna have both invested in UPS. Should income investors consider these high-yield stocks?

Devon Energy expects to increase production volume and generate over $3 billion in free cash flow next year. The company plans to prioritize debt reduction and stock buybacks in 2025. UPS is transitioning its shipping volume with Amazon to focus on more profitable deliveries, aiming to improve free cash flow and operating margins. These companies could appeal to value investors as well.



Read more at Nasdaq: Marjorie Taylor Greene Is Buying These 2 High-Yield Dividend Stocks. Should You?