2 High-Yield Dividend Stocks I'd Buy Right Now
One way to maximize your potential returns is to invest in stocks that pay dividends. Income-generating investments are particularly valuable right now, with the markets topsy-turvy and showing lots of volatility. And if there's one thing 2020 has taught investors, it's the importance of diversifying and holding some stable investments. Many companies that are still paying dividends are proving to be resilient, solid options for long-term investors.
The two stocks listed here, Pfizer (NYSE: PFE) and Verizon (NYSE: VZ), not only still pay dividends, they've also been increasing them over the years. And in addition to recurring income and stability, they can also provide investors with some exciting growth opportunities in the near future.
Healthcare giant Pfizer is an attractive investment for multiple reasons. The first is that it pays a quarterly dividend of $0.38, which today yields 4.3% annually. That's well above the 2% yield you can typically expect from the average S&P 500 stock. And although it's not a Dividend Aristocrat, Pfizer's hiked its payouts by 36% over the past five years. That trend is likely to continue; the drugmaker has been a safe investment to hang on to, posting impressive profit margins north of 20% in each of the past three years. And the New York-based company's sales during that time have remained within a narrow range of $51 billion to $54 billion, giving investors little volatility to worry about.
Source Fool.com