Even in today’s bloated stock market, finding high-yield stocks is easy. Just go to any of the financial web sites, set dividend yield as the screener, and you’ll see dozens of stocks with double-digit payouts. What’s a lot more difficult, though, is finding high-yield stocks that are actually worth considering. When the average S&P 500 company is paying less than two percent, most ultra-high yielders don’t offer much in terms of dividend safety.
That’s why today, I would like talk to you about a rare find among high-yield stocks, Washington Prime Group Inc (NYSE:WPG). Washington Prime Group operates in the real estate sector. The company owns a portfolio of properties spread across the United States. By collecting rental income from its tenants, the company can afford to have a quite generous dividend policy. Right now, WPG stock pays quarterly dividends of $0.25 per share, which comes out to an annual yield of 13%.
Source: Income Investors
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