These high-income stocks deliver on headline yield, offering up between roughly 5% and 9%. They also have the financial fortitude to keep those payouts coming.
When you're seeking out high-yield stocks, remember: You
need more than headline yield – you also need an element of safety.
In today's world, which is characterized by historically low
interest rates, stocks with eye-popping dividend yields are often too good to
be true. From dangerous debt loads to businesses in secular decline,
high-dividend stocks require extra scrutiny to avoid investing in yield traps.
That goes doubly for investors looking for retirement stocks capable of
producing income for decades down the road.
Research firm Simply Safe Dividends developed a Dividend
Safety Score system to separate stocks with safe dividends from those that are
more likely to cut their payouts over a full economic cycle. By focusing on
companies with more conservative payout ratios, stronger balance sheets and
business models that generate predictable cash flow, investors can improve
their chances of selecting dependable income investments.
With these qualities in mind, here are nine of the best high-yield
stocks on the market today. Caution is always advised when considering
investments with yields this elevated. But the companies featured here appear
better positioned to continue paying a high level of income than many other
stocks boasting similar yields. Specifically, the following picks not only
sport dividend yields between 5% and 9%, but also pass muster with SSD's
Dividend Safety Score system.
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