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what happened when the Taliban returned

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I was at home in Kabul when the Taliban reseized power on August 15 2021. The morning began like any other. I sent my son, Siawash, who was then seven years old, to school. I sat down to work on a collection of short stories I hoped to publish in Afghanistan.

By mid-afternoon, the Taliban had entered Kabul, and the president had fled the country. By the end of the day, there was no government left.

I went outside to check if what I was seeing on Facebook and TV — people running in panic in every direction, shouting “Talib! Talib!” — was actually happening. It was hard to believe that the same Taliban ousted from their seat of power two decades ago had returned. But they were there, out on the street. They wore kohl eyeliner, shoulder-length hair and white sneakers.

In that instant, we transitioned from a period of democracy to one of repression. The streets became eerily empty of both men and women. A few days later, the men began to reappear, but women were rarely seen.

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My parents travelled hundreds of kilometres from Herat to Kabul amid the upheaval. They were concerned for my safety. For the past 20 years, I had been speaking out against the Taliban, writing books and articles criticising them and advocating for equal rights for men and women. And in the Taliban’s warped logic, a divorced woman was expected to remarry swiftly. I had given them plenty of reasons to want to harm me. My father urged me to leave the country. And so, 13 days after the fall of Kabul, while I was sautéing onions in the kitchen to make mash palaw, a mung bean pilau rice dish, I received a call from a US diplomat saying, “It’s time to come to the airport. I can help you leave Kabul.”

Siawash and I fled. My mother’s silent tears fell like gentle rain as I said goodbye to her and my siblings. In those last moments, my father, a pillar of strength, held me tightly and urged Siawash to continue his studies. He was relieved that I was escaping. He had often warned me, “If you stay here, you’ll either end up in prison or the Taliban will force you to be silent like a wall.”

A figure dressed in a blue headscarf and long coat stands amidst thick greenery and vibrant red flowers
17-year-old Setareh, in the garden of her house in Kabul. © Hashem Shakeri
A white sheet draped over a bush stands in the middle of a sunlit park, with trees in the background
Laundry drying on a tree © Hashem Shakeri
A makeshift outdoor setup featuring a pink outfit hanging from a clothesline next to various household items, including a bicycle, mats, and containers
Household possessions for sale by the side of the road. This practice has become increasingly common as people struggle to survive following the Taliban’s return to power and the subsequent collapse of Afghanistan’s economy, which had long been supported by foreign aid © Hashem Shakeri
A young girl in a green floral dress stands alone in a bare, dusty room with straw scattered on the ground
Bibi Kandia, eight, and her brother Mohammad Nasir, four, live with their father in a war-ravaged room in Sangin, Helmand province, the frontline of Afghanistan’s conflict. They have access to the bare minimum in terms of healthcare, food and social services © Hashem Shakeri

Every day since that August three years ago, I have started my day by reading news reports from Afghanistan. Women and girls over the age of 12 have been banned from attending school, working most jobs or appearing on TV. They must be “chaperoned” when travelling more than 72km. In the latest decree from the Taliban’s “Ministry for Propagation of Virtue and Prevention of Vice”, women’s voices and faces have been forbidden from being heard or seen outside their homes.

The Taliban continue to use corporal punishment against the population; last year they carried out hundreds of floggings for crimes including adultery, sodomy and theft. I also learnt that my brother, Khaled, had been imprisoned and tortured for a year. He had been accused of spreading propaganda against the Taliban through the media.


In our new home in New Haven, we are safe, but Siawash and I think about our country every day. When he goes to school, I call my cousin, Liba, who is 22 and still lives in Herat, to hear how things are.

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Three armed Taliban fighters overlooking Kabul
Tasal, 22, Ekrama, 20, and Badruddin, 22, are fighters from Wardak province who were relocated to Kabul by the Taliban and now work as security forces on Wazir Akbar Khan Hill. They began fighting against US forces from a young age and continue to live in difficult financial conditions. It’s only after a year of service that they have started to receive a salary of 10,000 afghanis, which they say is far from enough to cover their living expenses © Hashem Shakeri
A girl partially obscured by a window stands behind white bars and floral curtains inside a room
Zahra, 12, at home in west Kabul. In May 2021, she was wounded when insurgents bombed her school in Dasht-e Barchi, a primarily Shia Hazara neighbourhood. (One of Afghanistan’s largest minority ethnic groups, Hazaras have long been brutally persecuted by the Taliban) © Hashem Shakeri
A boy holds a pigeon in an auto repair shop
13-year-old Matiollah holds up his pigeon inside the auto-repair shop where he works in Delaram Province © Hashem Shakeri

Liba was a medical student when the Taliban took power in Herat in 2021. One year later, they banned women from university, sending security forces to campuses to stop them from entering. For three years now, she has stayed at home doing nothing. She tells me that sometimes she puts on her burka and goes to the university site to see the building. She misses everything about it. Her heart is full of sorrow. “The house has become our prison,” she said. “The walls seem to reach the sky, wrapping around my throat like a rope, choking me. It feels like someone has hung me from the highest wall in the world.”

Liba was born into the presidential republic, which was in power from 2004 to 2021, and knew the Taliban only from the stories we told her. She asked how we endured those years when the Taliban were last in power and they denied women the right to education and work. I tried to reassure her, saying, “Liba, this darkness will eventually lead to light. You will go back to university and become a doctor.” Then I say to her, out loud, “Dr Liba.” I don’t tell her that many of my friends self-immolated in Herat between 1996 and 2001, nor that many girls in the city did not survive. I do not want to take away any hope she has and, with it, her strength.

Though I’ve left the country, I fear the reaches of the Taliban. Last December, I received a text message from my uncle, who lives two storeys down from the apartment I keep in Kabul. He told me that a group of Taliban fighters had stormed my home. “They tore through the bookshelves and upended the closets, leaving your clothes in disarray,” he wrote. “They told me they knew who you were.” In the end, they took a pair of binoculars from my son’s toy room and left.

I have experience that reassures me these dark days will pass. We will find ways to fight back. Looking at Hashem Shakeri’s photographs, which show how women and minorities have been impacted by the regime, my eye is drawn to one in particular. Zahra Ebrahimi, a 12-year-old girl, stands at a window and stares out. Her face is not visible. A few yellow grapevine leaves grow across the windowsill. It makes my heart tremble; I remember feeling the same way, alone and hopeless. I try to see her eyes, but I can’t. I place my hand on her face as if to caress her. My fingertips are cold. I say, “Zahra, we will find a way to resist.”

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About the photography

Photographer Hashem Shakeri has recently spent months working in Afghanistan, documenting daily life as the country readjusts to the Taliban’s return to power. His exhibition ‘Staring into the Abyss’ is produced in collaboration with Bristol Museum & Art Gallery, where it is on show from October 18 to January 12 2025, as part of the Bristol Photo Festival

Homeira Qaderi is an Afghan writer, activist and educator. Her latest book “Dancing in the Mosque: An Afghan Mother’s Letter to Her Son” is published by 4th Estate

Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen

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Three major energy suppliers handing out tens of thousands of free energy-saving gadgets worth up to £70 this winter

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Three major energy suppliers handing out tens of thousands of free energy-saving gadgets worth up to £70 this winter

THREE major energy suppliers are giving out tens of thousands of energy-saving devices to households this winter.

Energy bills have risen for millions of households and winter fuel payments restricted to those on benefits.

Three major energy suppliers have launched multi-million support packages

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Three major energy suppliers have launched multi-million support packagesCredit: Alamy

But there is a host of help at hand if you’re struggling to cover bills.

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Octopus Energy, OVO Energy and EDF have all launched multi-million pound schemes offering free energy-saving gadgets to households in need.

From air fryers, to electric blankets and mattress toppers, here is everything you might be eligible for.

Octopus Energy

Octopus Energy is offering 20,000 electric blankets in total to customers in need this winter.

Read more on Energy Bills

One of the UK’s largest energy firms has already distributed over 60,000 since January 2022 through its £30million Octo Assist Fund.

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Octopus said customers with an electric blanket have saved an average £150 on their combined gas and electricity bills in previous winters.

The electric blankets are open to all customers, however Octopus said it is prioritising those in “particular circumstances”.

This includes those that are medically vulnerable, the elderly of people living alone.

The blankets provided to customers are made by Dreamland and usually cost £69.99 new.

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To apply for an electric blanket, visit: http://octopusenergy/blog/octo-assist.

Three key benefits that YOU could be missing out on, and one even gives you a free TV Licence

OVO Energy

OVO Energy has launched a £50million package of support for struggling customers.

Applications for the fund opened on October 1 with households eligible for payment holidays and direct debit reductions.

But some may be eligible for free energy-saving gadgets including electric throws and mattress toppers.

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What you are entitled to depends on your personal circumstances although you do have to be an OVO Energy customer.

Find out if you’re eligible for help via https://www.ovoenergy.com/extra-support

EDF

EDF is pumping £29million into a range of support for hard-up households this winter.

Customers can get debt arrears wiped and free energy-saving gadgets such as air fryers, kettles and slow cookers.

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EDF said it will replace any broken or in poor working order appliances with energy-efficient ones.

But not everyone qualifies for help. EDF said its team will identify eligible customers and refer them on for extra support.

You can find out more and apply via https://www.edfenergy.com/energywise/how-edf-are-supporting-their-customers-through-uks-cost-living-crisis

What other help is on offer

If you’re not eligible for free energy-saving gadgets through Octopus, EDF or OVO Energy’s funds, there is other support at hand.

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You may be able to get free devices through the Household Support Fund between now and next March.

The fund is worth £421million and has been distributed among councils in England.

Each council gets to decide how to distribute its share of the fund but some are giving households free appliances and devices which could save you money on your energy bills.

Meanwhile, you might be able to get help paying for insulation or a new more energy-efficient boiler through the Energy Company Obligation.

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You might even be able to get them for free depending on your circumstances.

It’s worth noting though that you are only eligible for help through the Energy Company Obligation if you are on benefits, classed as vulnerable or have a home with a low Energy Performance Certificate.

An Energy Performance Certificate is a document that shows how energy efficient your property is.

If neither of these two options are available, you might be able to save money on your bills by installing a heat pump, which you can get subsidised through the Boiler Upgrade Scheme.

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The exact temperature to set your thermostat

ENERGY bills remain relatively high leaving many worrying over the thermostat.

Energy experts have revealed the exact temperature to set it at so that you can save cash and still keep warm.

When it comes to your thermostat, the Energy Saving Trust recommends you should set it to the “lowest comfortable temperature”.

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For the majority of us, this is between 18 and 21 degrees Celsius.

It’s just the right balance between keeping your home warm, and keeping those energy bills as low as possible.

If you have your thermostat set at a higher temperature you can probably afford to turn it down and still keep cosy.

Of course, there are exceptions like anyone who is in ill health, and there is support available to cover extra costs.

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Just by turning down the temp by a single degree, you could save as much as £100 a year.

If you cut it by more you will obviously make even bigger savings.

The Energy Saving Trust also says that you don’t need to turn your thermostat up when it is colder outside, the house will still heat up to the set temperature.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

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what does tomorrow look like?

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HTSI editor Jo Ellison

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HTSI editor Jo Ellison
HTSI editor Jo Ellison © Marili Andre

I first tried Apple’s Vision Pro goggles in May. It was a surreal experience at the company’s headquarters in Battersea, where I found myself swiping at 3D dinosaurs and dismantling Ferraris using tiny gestures to look at motor parts. The whole thing was designed to demonstrate the unlimited possibilities of augmented reality – an immersive world of giant cinematic screens where I could click and swipe through texts, apps and emails, looking all the while like a traffic controller with a giant screen strapped to my face.

If this was the future, it made me queasy. The Vision Pro has been designed to optimise our visual experiences, but its launch has coincided with a period of circumspection about our screen dependencies and how best to live with phones. Many establishments are now banning smartphones during school hours, and there is compelling evidence to suggest that our screen use is contributing to mental illness, sleep deprivation and general ill health.

Does Apple’s Vision Pro headset represent the future of screen time?
Does Apple’s Vision Pro headset represent the future of screen time? © Klaus Kremmerz

Rhodri Marsden, a techno first-adopter, has looked at the future of the screen in this week’s design issue, and how its all-pervading influence might change in years from now. I still can’t imagine a day where we routinely wear screens on our faces, but then again who would have known that we’d all be carrying palm-sized computers in our pockets when smartphones first launched 20 years ago?

Monling Lee (left) and Justin Donnelly of Jumbo in their New York studio
Monling Lee (left) and Justin Donnelly of Jumbo in their New York studio © Jeremy Liebman

Design has always looked to the future, but it’s a strange irony that its most innovative efforts can look quaint in retrospect. Perhaps the trick is not to think about what’s coming, but to focus on what seems relevant right now. Jumbo in New York has built a practice based on taking objects and reducing them to their essence until they make “emoji” sense. Their work – fortune-cookie furniture, pasta pool floats and barricade-fence chairs – is inspired by quotidian stuff that has been reimagined as “memes”. It’s contemporary, clever and a conversation starter, despite their insistence that what they do is “dumb”. It also contributes to a design narrative that I think will make sense for many years to come

A Francis Picabia on the study wall in Casa Tabarelli near Bolzano, designed by Carlo Scarpa
A Francis Picabia on the study wall in Casa Tabarelli near Bolzano, designed by Carlo Scarpa © Stefan Giftthaler

Venerated by the design world, the late architect Carlo Scarpa’s work synthesised ancient craft techniques with the exigencies of industrial design. His buildings are a striking expression of something unflinchingly modern yet rooted in a familiar history. When business owner and art collector Josef Dalle Nogare purchased Casa Tabarelli, Scarpa’s mountain masterpiece near Bolzano, Italy, he did so on the understanding he was merely its custodian. In the years since, however, he has made his own addition to the property: a two-storey structure with concrete stairs designed by Walter Angonese that yields a partly subterranean 5,000sq ft gallery to house his art next door. The result is a stunning confluence of aesthetics and artistic choices. It takes a brave soul to build something so close to the Scarpa home: we’re very excited to take the first look inside.

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Will you be going to space any time soon? As Jeff Bezos and his cohort get ever closer to their orbital ambitions, we look at the direction of space travel and the possibilities ahead. According to Clive Cookson, the FT’s senior science writer, Virgin Galactic is set to offer 125 flights a year, taking some 750 passengers into sub-orbital space. As with wearing the face screen, I’ve never harboured much desire to be an astronaut. But I’ll happily sit through your phone snaps of the “overview effect” when you get back down to Earth.

Jeep Wrangler, from £61,125
Jeep Wrangler, from £61,125

We also welcome here another FT writer, the Weekend Magazine editor Matt Vella, who is making his debut with a new motoring column. Matt has been car-mad since childhood, and so we’ve asked him to do a regular piece about all things four-wheeled. “Squat and snub-nosed, with a vertical front window and four-wheel drive,” he writes of his first subject, the Willys-Overland Jeep, which was conceived as a flat-packed, all-terrain vehicle in 1940. Its subsequent success has been built on the fact it has retained its distinctive looks, its “two-box silhouette” and most importantly its compact size. The form has emerged as the leader in a global market that’s expected to grow to $590bn by 2034. Small is beautiful, goes the argument. Especially when it comes to SUVs.

Finally: do you own a Casio watch? Beatrice Hodgkin, the FT’s House and Home editor, has been wearing her hot-pink Casio F-91W for years now and is passionate about its charms. The brand has become a cult classic, as spotted on Marty McFly, Barack Obama and Sigourney Weaver in Alien. On its 50th anniversary, she writes a tribute to the “future classic” – surely the very hallmark of cool design. 

@jellison22

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I won £333k on People’s Postcode Lottery… I was ecstatic until call from my boss seconds later ruined everything

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I won £333k on People's Postcode Lottery... I was ecstatic until call from my boss seconds later ruined everything

A MUM who won £333,000 on the People’s Postcode lottery was ecstatic – until a call from her boss ruined everything seconds later.

Angela Plant split the Millionaire Street Prize with a neighbour in the Hertfordshire village of Abbots Langley.

People's Postcode Lottery winner Angela Plant

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People’s Postcode Lottery winner Angela PlantCredit: Postcode Lottery
Angela with lotto presenter Danyl Johnson

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Angela with lotto presenter Danyl JohnsonCredit: Postcode Lottery

She wanted to go on a shopping spree after presenter Danyl Johnson knocked on her door with the huge cheque.

But just seconds later Angela’s boss rang her up asking if she could do a shift the next day at the old people’s home where she works.

Angela said: “I’m going to work tomorrow. I do their shopping, take them out for a coffee.”

She added: “I just chat to them. It keeps my mind buzzing and I love it.”

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Angela said she would stick a “little bit” away – but plans to splash out on a string of exotic holidays.

The wish list of getaways includes a Greek wedding for her eldest son and a trip to Florida for her first grandchild, who is due in December.

She said: “I’m speechless. Oh my God! I was expecting about £10,000 or £15,000.

“I’m in shock. I just kept seeing threes and thought, ‘When are the threes going to end?’

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“I would have been happy with £333, that could still get a bit these days.

“This year has been up and down. I’m just going to make sure all my close pals and family are looked after.

“I had a couple of knee replacements two or three years ago. Before that, I couldn’t walk down the garden path.”

She added: “You don’t want profit in the bank, you want to go out and spend it.

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“We’ve got our first grandchild on the way, and she is going to be spoiled rotten.

“I’ve always, always wanted to be a grandmother. She is due on December 19. We’ll have a really good Christmas.”

Angela said: “It’s important to do things as a family. Good memories last forever.

“I’ve got good memories from the past of going with the children to Florida, so I would like to take my granddaughter there.”

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Bliss was it in that dawn to be in retail

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Long hours, low pay, not much job security and rude customers — why would anyone work in retail? Spare me the gloom. I was never happier than when I worked in London’s department stores between the ages of 17 and 20.

Warm memories washed over me when I read this week that Ted Decker, CEO of Home Depot, plans to make senior managers work an eight-hour shift in their stores each quarter of the year. The idea is that white-collar employees should “truly understand the challenges and opportunities our store associates face every day”.

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To which I say, well done, Ted. All the same, I’m disturbed by the implication that shop floor work is more drudgery than fun. That was not my experience.

Take Peter Jones, the Chelsea store where I was a temporary worker in Towels, Furnishing Fabrics, and Lightings and Fittings before finding my true home at Boyswear on the third floor. Ah, joy! Friendships made on the shop floor lasted for years outside the store.

True, training for temps was minimal. You were taught how to use the electronic till. That was about it. As a result, when mothers arrived to spend a fortune on school uniforms for their sons, I had, at first, no idea what size shirt, cap, trousers, gym kit and so on they needed.

What’s more, I was squeamish about measuring the neck or inside leg of an 11-year-old. After one of my worst guesses, a mother complained I’d brought a pair of trousers a couple of sizes too big. “They shrink in the wash,” I said hopefully — before fleeing her irascible stare to get a better fit from the stockroom.

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Meanwhile, I would hear a mischievous staffer answer the phone in front of customers: “Good morning, Empire Pool Wembley — I beg your pardon, Peter Jones Boyswear . . . ” That’s right, he never became an executive.

The point was, you learned fast. After a few weeks, I could glance at any boy emerging from the lift with his mother and correctly estimate all his sizes. To this day, I look at politicians or businessmen I’m talking with and my mind calculates: “16 neck, 36 waist . . . ”

This was the 1970s, the decade of soaring oil prices, so there were plenty of high-spending customers from Opec countries. Tips fluttered from their pockets like confetti. A £20 note could keep you in beer for a week at the Royal Court pub across Sloane Square.

And because this was the 1970s, the store closed at lunchtime on Saturdays. Time to put on the safety pins, leather tie and white T-shirt with the crimson word “scurvy” emblazoned on it (not an item sold in Boyswear), and join the punks parading down the King’s Road.

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Sometimes we would head over to the Chelsea Drugstore, but not, as Mick Jagger sang, to get our prescriptions filled.

At Boyswear, we all had punk names. Mine was Mark Acid. Nicky Vamp, recruited from Girls’ Shoes, quit to run a gift shop in the spa city of Bath. Vince Vomit emigrated to Australia and made it big time, becoming a board member of the airline Qantas.

For sure, London retailing had its downside five decades ago. Selfridges was soulless. Worse still was Harrods, recently in the news because of claims of sexual assault against Mohamed Al Fayed, the store’s owner from 1985 to 2010.

I worked at Harrods before Al Fayed’s tenure, but it was a grim place even then. Management barked like prison wardens at me and other temps.

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The only light relief took the form of a lift attendant who used to say to a new employee: “Do you want me to keep an eye on this package for you?” If the employee said yes, the attendant removed his glass eye and put it on the package.

We temps were unanimous that, among London’s grand department stores, Peter Jones was the place to be. I liked it so much I had dreams of running Boyswear one day. Eight hours a quarter on the shop floor? Worth every second.

tony.barber@ft.com

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3 Reliable Dividend Stocks With Yields Above 5% That You Can Buy With Less Than $100 Right Now

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3 Reliable Dividend Stocks With Yields Above 5% That You Can Buy With Less Than $100 Right Now


There’s no wrong way to put your money to work on Wall Street, but some methods produce more reliable gains than others. If you’re looking for a relatively safe and easy way to grow the stream of income you’ll have to work with during your retirement years, buying dividend-paying stocks and holding them for long periods is a terrific option.

During the 50-year period that ended in 2023, dividend-paying stocks in the S&P 500 index returned 9.17% annually on average. That’s more than double the return produced by their non-dividend-paying cousins. During the same period, the average dividend non-payers in the benchmark index returned just 4.27% annually, according to Ned Davis Research and Hartford funds.

You don’t need to be rich to put your money to work for you. At the moment, shares of AT&T (NYSE: T), Hercules Capital (NYSE: HTGC), and Pfizer (NYSE: PFE) offer dividend yields of 5% or better, and you can buy a share of all three with less than $100. Adding them to a portfolio now gives you a good chance to outperform the market while they beef up your passive-income stream.

1. AT&T

AT&T lowered its dividend payout in 2022 to adjust for the sale of its unpredictable media assets. Now that it’s strictly a telecommunications business, the cash flows it uses to make dividend payments should be extra reliable. At recent prices, the stock offers a 5.2% dividend yield.

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Traditional-wireline subscriptions are still shrinking, but this headwind is easily overcome by demand for services that run on its 5G network and a growing web of fiber-optic cables. In the second quarter, mobility-service revenue rose 3.4% year over year, and this isn’t the only operation driving growth.

The three-month period ended June 30 was the 18th consecutive quarter in which AT&T added over 200,000 new fiber-internet subscribers. Late last year, the company also launched a fixed-wireless service for folks who aren’t located next to fiber optic cables. As a result, Q2 consumer-broadband sales rose 7% year over year.

At $2.7 billion in Q2, consumer broadband is responsible for less than 10% of total revenue. AT&T is one of just three telecom companies with a nationwide 5G network, so investors can reasonably rely on its consumer-broadband business to drive growth for many years to come.

2. Hercules Capital

Hercules Capital is a business development company (BDC), which means it can avoid income taxes by giving nearly all of its earnings to shareholders as a dividend payment. At recent prices, the stock’s regular distribution offers a big 8% yield.

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Hercules also offers a supplemental dividend that it set at $0.32 per share this year. If next year’s supplemental dividend remains unchanged, investors who buy this stock at recent prices will receive a 9.7% yield.

Most BDCs originate relatively high-interest loans to established mid-sized businesses that already earn money. Hercules Capital takes a riskier approach to financing by engaging start-ups in the life science and technology industries before they have any recurring revenues to report.

In isolation, the bets Hercules makes are extremely risky. The potential payoffs are so large, though, that the company can report strong-earnings growth if just a fraction of its investments succeed.

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Hercules has raised or maintained its regular distribution since 2010, and continued movement in the right direction seems likely. In the first half of 2024, the BDC reported $1.07 billion in total-gross funding, which was 28% more than the previous-year period.

3. Pfizer

Sales of Pfizer’s COVID-19 vaccine and antiviral treatment broke records regarding its rate of growth and decline. Sales of Comirnaty and Paxlovid shot up to a combined $56.7 billion in 2022. Less than a year and a half later, sales of the same two drugs collapsed to an annualized $1.8 billion.

Don’t let its recent ups and downs confuse you. Pfizer is a reliable dividend payer that has raised its payout every year since 2009. At recent prices, it offers a 5.7% yield that will be easier to predict now that sinking sales of its COVID-19 products are responsible for less than 3% of total revenue.

Pfizer’s dividend payout is supported by one of the largest catalogs of drugs with patent-protected market exclusivity. In the first half of 2024, a dozen of its products grew sales by a double-digit percentage compared to the previous year period.

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One of the investments Pfizer made with its pandemic-related earnings haul was the $43 billion acquisition of cancer drug developer Seagen. The purchase gave Pfizer access to four commercial-stage treatments, including Padcev. In late 2023, Padcev became a chemotherapy-free option for newly diagnosed bladder cancer patients. As such, sales are expected to reach $8 billion annually by 2030.

Padcev is one of several blockbuster drugs that could help Pfizer continue its dividend-raising streak. Adding some shares to a diverse portfolio now seems like the right move.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

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  • Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,022!*

  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,329!*

  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $393,839!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of October 7, 2024

Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pfizer. The Motley Fool has a disclosure policy.

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3 Reliable Dividend Stocks With Yields Above 5% That You Can Buy With Less Than $100 Right Now was originally published by The Motley Fool



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1 Dividend Stock Yielding 8% to Buy in Case of a Bear Market

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Motley Fool


It might not seem like it today with market indexes rocketing to all-time highs, but bear markets do exist. They happen around once a decade and are defined as a period when an index such as the S&P 500 falls 20% or more from all-time highs.

One happened in 2022 (it seems so long ago) as well as briefly in 2020. Before that, there were bear markets in 2009, 2001, and 1990.

When stock prices are soaring, it can feel like the time to put your foot on the gas and get more aggressive with your portfolio. But counterintuitively, it is the best time to get more conservative and mix in some stocks that can weather any recession or bear market. You don’t want your entire portfolio in risky hypergrowth technology stocks that can fall 80% in a market downturn. Many investors made this mistake in 2022.

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Dividend stocks with high yields can be great ballast in your portfolio when preparing for an upcoming bear market. One of the top-yielding stocks is Altria Group (NYSE: MO). Here’s why it is an ideal choice to balance out a portfolio of expensive hypergrowth stocks.

Legacy tobacco and pricing power

Altria Group is the corporate owner of Philip Morris USA, which owns brands such as Marlboro and Copenhagen. Cigarettes power the boat for the company, with Marlboro leading the way. However, smoking has been going down in the United States for many years.

Although this is a concern for tobacco companies, Altria has been able to counteract these volume declines with price increases. Revenue is up 13.1% in the last 10 years, while operating income is up 50% cumulatively over that time period.

This is why Altria has been able to consistently raise its dividend per share — most recently by 4.1% to $1.02, its 59th increase in 55 years.

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At a current yield of 8%, Altria Group looks like an attractive income stock if it can keep raising prices — and therefore its dividend payout. The big questions are whether this party can continue, and whether management can switch customers over to nicotine alternatives.

Can the company switch customers to other product categories?

Pricing power is great, but it can’t sustain Altria Group indefinitely. Eventually — if the trends of the last few decades persist — cigarettes will be a minuscule part of consumer spending in the United States.

Replacing cigarettes are vaping devices and nicotine pouches. Altria Group has invested in both with its Njoy and on! brands.

Both brands are growing, but still are below direct competitors. On! nicotine pouches have 8.1% market share of the oral tobacco market (including legacy chewy tobacco and new nicotine-pouch brands), while Njoy held just 5.5% of the vaping market in the United States. Combined, the two brands still form just a small portion of Altria’s consolidated revenue.

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Over the next five to 10 years, shareholders will need to keep track of the growth of these two brands. They can help replace sales volume lost from people quitting cigarettes.

MO PE Ratio Chart

MO PE Ratio Chart

Buy it for steady returns and low volatility

Altria Group is not a high-growth company. In fact, I wouldn’t expect its revenue to grow much over the next five years. Cigarette volumes will keep declining, which Altria can counteract with price increases and growth from on! and Njoy. But at current prices, I don’t think you need much revenue growth for the stock to do well.

It has a price-to-earnings ratio of just 8.5. The company is repurchasing a ton of its stock, which means it can grow its dividend per share without growing its nominal dividend payout.

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The starting yield is around 8% today, and the company has a long history of growing its dividend per share. This means that even if the stock price goes nowhere — or falls in a bear market — investors will be getting a consistent 8% yield.

For all these reasons, I think Altria Group is a cheap stock you would love to own during the next bear market, whenever it arrives.

Should you invest $1,000 in Altria Group right now?

Before you buy stock in Altria Group, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Altria Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

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Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $812,893!*

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*Stock Advisor returns as of October 7, 2024

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Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

1 Dividend Stock Yielding 8% to Buy in Case of a Bear Market was originally published by The Motley Fool



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