One of the most common reasons why a company can keep having an ultra-high yield is its subdued stock price. And the reason behind that is usually that investors don’t believe the company’s payout is sustainable. I know, dividends are often sticky. The underlying assumption is that a company will be able to keep paying at least its current dividend rate going forward. But there have been more than enough instances when companies cut their payout or halt dividends completely. If you have plenty of reasons to believe that a company’s payout is not sustainable, it’s probably a good idea to stay away from it. Buying an ultra-high yield stock before its dividend is cut can turn out to be a very expensive lesson...
That’s why in this article, I’m going to limit my scope to the highest dividend stocks belonging to the S&P 500 Index. Of course, they are not all going to be safe bets. But with sizable market cap and trading volume, these companies are worth investigating for yield-seeking investors. Now, let’s take a look at the top 10 high yield dividend stocks in the S&P 500. Note that the average yield of all S&P 500 companies is currently at 2.04%. List of Highest Dividend-Paying Companies:
Frontier Comm. Corp FTR 12.54%,
Centurylink Inc CTL 8.90%
Iron Mount REIT IRM 5.94%
Mattel, Inc. MAT 5.89%
Pitney Bowes Inc. PBI 5.65%
Seagate Technology PLC STX 5.28%
Welltower Inc HCN 5.23%
Staples, Inc. SPLS 5.16%
Ventas, Inc. VTR 4.95%
Kohl’s Corporation KSS 4.82%
Source: Income Investor
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- High-Yield Managed Distribution Policy Funds
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