Are you looking for a dividend stock that comes with a high yield? As a strong bull market pushes many stocks to new 52-week highs, the average yield on the S&P 500 still sits only around 1.6%. And many companies have cut or suspended their payouts over the past year as a result of the pandemic and fraught economic outlook. The good news is there are still some safe, income-generating investments out there if you're after some recurring cash flow.
Pfizer (NYSE:PFE), Campbell Soup (NYSE:CPB), and Public Service Enterprise Group (NYSE:PEG) are three stocks that pay relatively high yields and have strong businesses. From healthcare to packaged foods to utilities, they each cover a different industry and can help diversify your portfolio while offering payouts that usually hover over 3%.
Source: Motly Fool
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