2 High-Yield Dividend Stocks to Buy Hand Over Fist
Blindly buying dividend stocks with sky-high yields can be a recipe for disaster. A high dividend yield often comes with an elevated risk that the dividend isn't sustainable.
AT (NYSE: T) and British American Tobacco (NYSE: BTI) are two stocks with exceptionally high dividend yields, but in each case, the dividend looks safe. Both companies are facing challenges, but that shouldn't deter dividend investors from scooping up shares of these high-yield stocks.
Telecom giant AT is doing just fine. The company continues to win wireless subscribers, despite a post-pandemic slowdown, and its fiber internet business is growing rapidly. AT has stuck with its guidance calling for AT least $16 billion of free cash flow in 2023 and plans to make significant progress paying down its debt over the next two years.
Source Fool.com
