Dividends4Life: 3 High-Yield Dividend Stocks Wealthy Investors Should Consider Buying

One downside of rising stock prices is that dividend yields move in the opposite direction. The S&P 500 currently has a dividend yield of about 2%, a paltry payout that's well below the historical average. Despite the average dividend yield being low, there are still some stocks that sport far-higher yields. Three stocks in particular...

Even though Verizon Communications (NYSE:VZ) is operating in a tough market in the face of ever-increasing competition, I think dividend-hungry investors would be wise to take a bite of the company on the heels of its strong third-quarter report. The telecom industry is particularly challenging and competitive. Big industry players are aggressively cutting prices down to sustain market share, and this is taking its toll on revenue growth and profitability. AT&T (T), however, is an industry juggernaut making more than $150 billion in annual revenue, and the stock pays a big and juicy dividend yield of 5.6% at current prices. For investors with plenty of patience, toymaker Mattel (MAT) offers a compelling high-yield opportunity. The stock has been hammered during the past few years, with revenue declining and profits falling off a cliff, and this has caused the dividend yield to soar. Currently, Mattel pays an alluring 6.2% dividend, a higher yield than both of the telecom companies discussed above.

Source: Motley Fool

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