2 High-Yield Dividend Stocks to Buy on Sale
Finding high yields while the stock market is near all-time highs is hard, but not impossible. You just need to be careful and stick with financially strong companies with the size and scale to survive difficult business environments like the one that COVID-19 has brought about. On that score, these two high-yield stocks in the out-of-favor energy sector look like survivors. Meanwhile, you can collect historically high yields while you wait for the tough times to pass. Here's a primer on Chevron (NYSE: CVX) and Enterprise Products Partners (NYSE: EPD).
Chevron is one of the world's largest integrated energy companies. It has increased its dividend annually for 33 consecutive years and, and today offers a yield of 5.6%, which is near a 30-year high. To be fair, the energy sector is deeply out of favor today, largely because demand has plummeted -- along with oil and natural gas prices as countries around the world effectively shut down to slow the spread of COVID-19. However, despite a massive supply/demand imbalance, oil and natural gas remain vital global energy sources. And the industry is slowly working to reduce supply, both voluntarily and via company failures.
Image source: Getty Images
Source Fool.com
