3 High-Yield Dividend Stocks You Could Hold for Years
While the Federal Reserve has been increasing interest rates this year, the average income yield on most investments isn't very high. The 10-Year U.S. Treasury yield is currently around 3.4%, while most bank CDs are still below 1%. Meanwhile, despite the sell-off in the stock market, the dividend yield on the S&P 500 is around 1.6%.
However, many dividend stocks offer higher yields, enabling investors to generate more income for every dollar they invest. Three dividend stocks that stand out as great income producers these days are Digital Realty (NYSE: DLR), Realty Income (NYSE: O), and VICI Properties (NYSE: VICI). These real estate investment trusts (REITs) offer higher-yielding dividends that they'll likely continue increasing in the future.
Digital Realty's dividend yield is currently around 4.1%. The data center REIT has an exceptional dividend track record. The company gave its investors a 5% raise earlier this year. That marked its 17th straight year of increasing its dividend. Digital Realty has given its investors a raise every year since its initial public offering in 1994, putting it in a select group of REITs.
Source Fool.com
