3 Dividend Stocks Yielding More Than 6% That I Bought This Week
I went hunting for income earlier this week, somewhat out of necessity. Allow me a chance to explain.
Over the past couple of years, I haven't had a problem parking my idle cash in a money market fund. With current yields above 5% -- and until recently rising -- it was a logical place to ride out the market volatility beyond my highest conviction stocks.
However, with fixed income rates starting to head lower and likely to continue, I was looking to move some of that allocation back into income-generating stocks. I screened for stocks yielding north of 6% and focused on companies instead of real estate investment trusts (REITs), master limited partnerships (MLPs), or other high-interest havens. Where did I land?
Source Fool.com
