3 Beaten-Down Dividend Stocks With Yields Over 5% to Buy in May for Passive Income
Money doesn't grow on trees, but there are ways to collect passive income from doing nothing. Some companies pass along a portion of profits to shareholders through dividends, which can be an excellent way to book a return without selling stock.While the S&P 500 dividend yield is just 1.3%, some stocks have far higher yields either because they have steadily raised their payouts or their stock prices are down big, pushing up the yield.United Parcel Service (NYSE: UPS), APA Corporation (NASDAQ: APA), and Robert Half (NYSE: RHI) are three dividend stocks whose yields have ballooned above 5% due to falling stock prices. Here's why all three companies are worth a closer look in May.Continue reading
Money doesn't grow on trees, but there are ways to collect passive income from doing nothing. Some companies pass along a portion of profits to shareholders through dividends, which can be an excellent way to book a return without selling stock.
While the S&P 500 dividend yield is just 1.3%, some stocks have far higher yields either because they have steadily raised their payouts or their stock prices are down big, pushing up the yield.
United Parcel Service (NYSE: UPS), APA Corporation (NASDAQ: APA), and Robert Half (NYSE: RHI) are three dividend stocks whose yields have ballooned above 5% due to falling stock prices. Here's why all three companies are worth a closer look in May.
