Dividend stocks have proved their ability to outperform the market in the long term. Wealthy investors, or those with a relatively large portfolio in relationship to their financial goals, can generally assume more risk, which means they can take contrarian positions in undervalued companies with big dividend yields.With this in mind, our contributors analyze three particularly strong investment ideas in high-yield dividend stocks:
Las Vegas Sands (NYSE:LVS) is the leading casino operator in Macau, the only region on China where gambling is legal. The Chinese government has taken a series of measures to combat corruption and money laundering by VIP players via Macau casinos, and this is hurting tourism and gambling demand for different operators in the region. Shares of IT giant International Business Machines (NYSE:IBM) have performed terribly over the past few years, but the falling stock price has turned IBM into a high-yield dividend stock for the first time in decades. Currently, IBM yields about 3.85% based on the most recent quarterly dividend, and while earnings are currently being pressured, the dividend has plenty of room to grow going forward. Phillips 66 Partners (NYSE:PSXP) might not be considered a high-yield stock just yet, given that its yield is currently south of 3%, but that will change over time.
Source: Motley Fool
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