In this article, I’ve identified Pfizer (PFE) and Verizon (VZ) as my top two high dividend yield picks for November 2024. Both offer attractive Dividend Yields [FWD] of 6.14% (Pfizer) and 6.58% (Verizon), combined with relatively low Valuations, with P/E Non-GAAP [FWD] Ratios of 9.34 and 8.80, respectively.

These companies provide strong opportunities for dividend income, supported by sustainable payout ratios of 64.73% (Pfizer) and 58.48% (Verizon). While Pfizer combines high dividend yield with potential growth, Verizon stands out for its undervaluation and a consistent 20-year dividend growth record.

For balanced risk management, I suggest an allocation limit of 3% for both companies within your portfolio, ensuring reduced concentration risk while capitalizing on their attractive profiles.

Explore how these high-yield stocks can contribute to your dividend-focused strategy on Seeking Alpha.