2 Stocks to Buy With Dividends Yielding More Than 5%

It's still possible to score long-term dividend winners, but you have to be careful. With the S&P 500 and other major indexes still trading near record highs and some economic uncertainty on the horizon, now could be a good time to fortify your portfolio with some high-quality dividend stocks. Read on for a look at two stocks with yields significantly above 5% that look like strong buys right now.

AT&T (NYSE:T) trades at roughly 10 times this year's expected earnings and pays a dividend that yields 6.6%. The big yield is partly the result of weak stock performance, with its share price having fallen roughly 19% over the last five years while the Nasdaq Composite index rose 192% across the same stretch, and there's admittedly some uncertainty surrounding the company's outlook. Lumen Technologies (NYSE:LUMN), which was known as CenturyLink prior to a name change last year, is another telecommunications stock that has struggled in recent years and pays a big dividend yield. The company is valued at approximately eight times this year's expected earnings, and its payout yields 7.8%.

Source: Motley Fool

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