These 7 high yield dividend stocks have yields above 5%
Looking for some interesting investment income? These seven
high-yield dividend stocks have enough earnings projected for 2021 to cover the
company’s likely dividends (with one exception). This ensures that there is a
low likelihood the company will lower its dividend. And the one exception
should see earnings to cover the dividend in 2022, and remains committed to
continuing payouts. And that’s all important, since even the possibility of a
dividend cut will drag down a stock once the market believes this is possible.
I also screened this list for two other criteria. First, the
dividend yield has to be at least 5%, again, with earnings covering the
dividend payment. This is also known as its dividend payout ratio.
Second, the company paying the dividend is not a fund or a
partnership, run by some fund manager, etc. Typically corporations tend to
maintain their dividend at a steady rate, whereas a fund will tend to make
payments as a portion of income. In the latter case, the dividend can vary from
year to year.
Here is the list of these high-yield dividend stocks:
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