These 3 Dividend Stocks Yield More Than 6% and Their Payouts Look Safe
If you see a stock that pays 6% in dividends, you might assume it's too risky -- but that's not always the case. In some situations, a yield can grow to such heights because investors have been dumping the stock. This can occur due to concerns around a company's business, including poor financial results.It's not a good idea to assume that a high-yielding dividend always means that a reduction in the payout is inevitable. An assumption like that could result in an investor missing out on some great dividend income.There are instances where high-yielding stocks can simply be great deals. Three stocks that pay at least 6% and don't look risky right now are Pfizer (NYSE: PFE), Verizon Communications (NYSE: VZ), and Telus (NYSE: TU).Continue reading
If you see a stock that pays 6% in dividends, you might assume it's too risky -- but that's not always the case. In some situations, a yield can grow to such heights because investors have been dumping the stock. This can occur due to concerns around a company's business, including poor financial results.
It's not a good idea to assume that a high-yielding dividend always means that a reduction in the payout is inevitable. An assumption like that could result in an investor missing out on some great dividend income.
There are instances where high-yielding stocks can simply be great deals. Three stocks that pay at least 6% and don't look risky right now are Pfizer (NYSE: PFE), Verizon Communications (NYSE: VZ), and Telus (NYSE: TU).
