3 High-Yield Stocks at Rock-Bottom Prices
Buying cheap dividend stocks is a great way for investors to maximize their potential earnings. Not only can they benefit from a good dividend yield but they can also position themselves to earn some good returns, especially with stocks that may not be trading all that high and have lots of room to rise in value. Below are three stocks that pay more than 4% in dividends and that could also be good value buys for investors today.
Enbridge (NYSE: ENB) is a blue-chip oil and gas stock that has been one of the more stable buys in the industry over the past few years. Up 13% in just the past year, Enbridge hasn't outperformed the S&P 500 and its 26% returns over that timeframe, but it's still a good result, especially as peers of the Canadian-based stock have struggled in recent years.
Not only is the company profitable, but Enbridge's dividend remains one of the better ones in the industry. Currently yielding a dividend of just over 6% per year, the company hiked its payouts back in December, from quarterly payments of 0.738 Canadian dollars to CA$0.81. That's an increase of 9.8%. Over five years the company's payouts have increased by 74%, averaging a compounded annual growth rate (CAGR) of 11.7%.
Source Fool.com
