3 Safe Dividend Stocks With Above-Average Yields
Dividends are being cut and suspended all over the place of late, and keeping track of it all is a tall task that it likely puts many dividend investors on edge. That's why it's more important than ever for those investors to consider stable stocks, ones whose payouts aren't at significant risk. While that approach may sacrifice some yield, it's certainly preferable to later receiving news that a company intends to stop its dividends entirely.
Below are three companies that are in good shape financially and whose stock will pay you better than the average 2% dividend yield of the S&P 500.
CVS Health (NYSE: CVS) provides essentials to customers and patients, and that's why the healthcare stock should be a safe investment to hold even as the coronavirus pandemic keeps people at home. For those who don't want to venture out to its stores, the company provides delivery options for both prescriptions and in-store items. The pharmacy retailer is anticipating significant demand during the pandemic.
Source Fool.com
