These Ultra-High-Yielding Dividend Stocks Are No Joke
It's good to have a healthy dose of skepticism, especially today on April Fools' Day. If something seems to be too good to be true, it might be a trap trying to get you to fall for a joke. There are a lot of traps in investing. Dividend yield traps are a common one that investors can fall for. You see a high dividend yield on a stock and believe you can make a lot of passive income. More often than not, the joke is on you as the company cuts its payout, and you lose money. However, some big-time dividends are no joke. Realty Income (NYSE: O), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and Verizon (NYSE: VZ) all currently pay dividends yielding more than 5%, putting them several times higher than the S&P 500's (SNPINDEX: ^GSPC) 1.3% yield. All three companies have excellent records of increasing their high-yielding payouts, which seems likely to continue. Because of that, you can confidently buy these dividend stocks without the fear of eventually looking like a fool for falling for a trap. Continue reading
It's good to have a healthy dose of skepticism, especially today on April Fools' Day. If something seems to be too good to be true, it might be a trap trying to get you to fall for a joke.
There are a lot of traps in investing. Dividend yield traps are a common one that investors can fall for. You see a high dividend yield on a stock and believe you can make a lot of passive income. More often than not, the joke is on you as the company cuts its payout, and you lose money.
However, some big-time dividends are no joke. Realty Income (NYSE: O), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and Verizon (NYSE: VZ) all currently pay dividends yielding more than 5%, putting them several times higher than the S&P 500's (SNPINDEX: ^GSPC) 1.3% yield. All three companies have excellent records of increasing their high-yielding payouts, which seems likely to continue. Because of that, you can confidently buy these dividend stocks without the fear of eventually looking like a fool for falling for a trap.
