Dividends4Life: 3 High-Yield Dividend Stocks to Buy Now

3 High-Yield Dividend Stocks to Buy Now

Posted by D4L | Wednesday, September 02, 2020 | | 0 comments »

Unfortunately, some investors that are new to dividend stocks end up chasing the highest yield stocks they can find and end up getting burned. This is usually due to the fact that when a company’s dividend payout ratio gets too high to be sustainable, it will often have to cut or eliminate its dividend altogether at some point. That’s why it’s so important to do your research before buying any dividend stocks, especially when they are high-yield. The good news is that we’ve done the hard work for you and created a list of 3 high-yield dividend stocks to buy below.

AbbVie (NYSE:ABBV) is the first stock on our list and is a major pharmaceutical company that currently has a dividend yield of 4.93%. There’s a good chance that you are already familiar with this global information technology company. It’s worth a look thanks to IBM's (NYSE:IBM) 5.22% dividend yield and a strong history of generating solid free cash flows, which means that its dividend is safe for the time being. There are quite a few REITs out there that are not looking like good investments at this time. With the pandemic causing so many retailers to shutter their doors, you need to be extra careful when buying companies whose cash flows are dependent on tenants paying their monthly rent. However, Realty Income (NYSE:O) is a dividend-paying REIT that is still worth a look even in an uncertain environment for commercial properties.

Source: MarketBeat

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