These five stocks offer up huge yields, but are any of them actually worth owning? Today's low-interest rate environment has forced many investors to put money to work in the stock market to generate income. Unfortunately, many of these investors simply buy the highest-yielding dividend stocks they find, which can be a mistake. Here’s how to be selective and pick the best dividend stocks.
Frontier Communications (NASDAQ:FTR) 11.9%, CenturyLink (NYSE:CTL) 8.6%, Seagate Technology (NASDAQ:STX) 6.8%, Iron Mountain (NYSE:IRM) 6.6%, Host Hotels and Resorts (NYSE:HST) 5.5%. I must admit that Iron Mountain is my favorite stock from this list. I like that the company operates a boring but reliable business that counts a number of high-profile companies as customers. Those factors give the company a great chance at steadily improving its revenue, income, and distribution in the years ahead. Thus, if you are on the hunt for a high-yield dividend stock, Iron Mountain might be right for you.
Source: Motley Fool
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