3 High-Yield Dividend Stocks I'd Buy Right Now
In the midst of the coronavirus pandemic and the ensuing economic lockdown, many well-established dividend-paying stocks have been under duress. Old business models have been strained by shelter-in-place and work-from-home orders, and by now it's a foregone conclusion that global recession is here.
Nevertheless, many of these dividend stocks are in better shape than they may appear to be. Three that I own and plan to buy more of are AT&T (NYSE: T), STORE Capital (NYSE: STOR), and Chevron (NYSE: CVX). Let's take a closer look at these three companies and see if they might be right for the dividend-focused portion of your portfolio.
If ever there was an imperfect telecommunications stock, it would be AT&T. In fact, some flaws could be considered major grievances. Shifting away from its bread-and-butter mobile network service, the company racked up massive debt purchasing DirecTV in 2015 and Time Warner in 2018, leaving it with a heaping $164 billion in long-term liabilities at the end of its first quarter of 2020.
Source Fool.com
