3 Top Dividend Stocks With Yields Over 5%

The S&P 500 index yields a paltry 1.5% today, so investors looking for big yields have their work cut out for them. However, that doesn't mean income-focused investors can't find great stocks paying generous dividends. You just need to be selective. Here are three names with yields over 5% (more than three times the broader market) that are worth a deep dive.

The first name is real estate investment trust (REIT) W. P. Carey (NYSE:WPC). You know that diversification is good for your portfolio, but this landlord proves it is also good for REITs. In 2020, when some of its peers were having trouble collecting rents because of the coronavirus pandemic, W. P. Carey's rent collection rate never dipped below 96%. The next name, Enbridge (NYSE:ENB), falls into the midstream energy sector, but its business is more diverse than just owning pipelines. So far this list has included diversified companies, but now it's time for a little more focus. Integrated energy giant Chevron (NYSE:CVX) is sitting at roughly the 5% yield level today.

Source: Motley Fool

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