3 High-Yield Dividend Stocks to Buy Now

Income investors love high-yield stocks, but when a yield has shot upward because the share price has plunged, that can understandably be considered a yellow flag. Still, not all such investments should be automatically shunned. Some stocks that the market is fleeing from could be great contrarian bets if the underlying companies still have the prowess to grow and maintain their payouts. Here are three such out-of-favor stocks with high yields that deserve your attention right now.

Though the stock has rebounded significantly from its March lows, W.P. Carey (NYSE: WPC) is still down by about 28% in the past 12 months. Between that low price and a dividend that currently yields about 6.2%, it's a compelling bet.

As a real estate investment trust (REIT), W.P. Carey acquires properties and leases them under long-term agreements -- it has more than 350 tenants with a weighted average lease term of 10.7 years. It's also one of the most diversified REITs, with industrial properties bringing in roughly 24% of its annual base rent, warehouse and office properties around 22% each, retail 17%, and self-storage 5%.

Source Fool.com