Ask any income investor what kind of yield they want to achieve in their portfolio and the answer will likely be “the higher, the better.” However, the blunt reality is that in today’s market, high-yield stocks are not exactly the safest bets. It’s not uncommon for an investor to get into a high-yield stock, only to find the company announcing a dividend cut a few months later.
And that’s exactly what makes today’s top dividend stock special. The company not only offers a dividend yield higher than 99% of stocks trading in the current market, but also has a rock-solid business to back its payout. I’m talking about Uniti Group Inc (NASDAQ:UNIT), a real estate investment trust (REIT) headquartered in Little Rock, Arkansas.
Source: Income Investors
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