In the category of “income” stocks, a wide variety of options are available to the average investor, with various yields, risk profiles and compounding rates to consider. These three income stocks with solid yields should be considered prime candidates for any portfolio.
Of all the stocks currently part of the Dow Jones Industrial Average, telecommunications giant Verizon Communications Inc. (VZ) wins the award for top spot as the company with the highest yield. If you’re wondering how a company with a yield of 1.2% made this list, look no further than Costco Wholesale Corporation’s (COST) special dividend. International Business Machines Corp. (IBM) has taken a number of large hits of late, leading to a reduction in the company’s stock price and a corresponding rise in yield for IBM shareholders.
Source: Kiplinger
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