3 High-Yield Dividend Stocks for August

It can be tough for income-seeking investors to find a decent high-yield investment these days that doesn't also come with a high level of risk. That's because most low-risk bank products offer paltry payouts thanks to low-interest rates while many stocks aren't much better given the market's elevated valuation. In fact, at just 1.9%, the yield of the S&P 500 is less than half its historical median average.

That said, just because it's harder to find high-yield options doesn't mean they don't exist. You just need to dig a little deeper to find them. That's just what we did, and we believe we've uncovered three gems in Enviva Partners (NYSE: EVA), Garmin (NASDAQ: GRMN), and ONEOK (NYSE: OKE).

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Source: Fool.com