Many high-yield dividend stocks stretch too far to make their generous payouts, dishing out 100% or more of earnings as dividends, to the point where they draw from their cash piles or even raise debt to continue making payments. Not good. Here are five hidden dividend gems that pay dividends up to 9.3% and boast safe payout ratios.
KAR Auction Services (KAR), the enormous car auction operation that employs more than 17,000 employees across North America and the U.K. VanEck Vectors Fallen Angel High Yield Bond ETF ( ANGL ) has a couple of advantages that make it worth consideration. Many investors likely haven't heard of Park Hotels & Resorts (PK) because it hasn't been around for very long. Pattern Energy Group (PEGI) is a so-called "yieldco" that boasts 20 renewable-energy power facilities across the U.S. Canada and Chile. You've probably not heard of the Pimco Corporate & Income Opportunity Fund (PTY) because it's a closed-end fund.
Source: NASDAQ
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