3 Stocks to Buy With Dividends Yielding More Than 4%
Income investors often chase high dividend yields, but their money could be at risk if the yield isn't supported by stable and rising dividends. A company that has the financial clout to pay regular dividends and the right commitment to shareholders should eventually generate solid returns for you, both in terms of dividend yield and stock price appreciation. Here are three such incredible stocks that not only yield more than 4% today, but that are also well placed to support their payout.
With a dividend yield of 4.3%, Duke Energy (NYSE: DUK) is one of the better utility stocks you could own right now. Duke has increased its dividend for 14 straight years. It's poised to continue doing so for the foreseeable future thanks to several factors.
To start, 95% of Duke's operating income comes from regulated utility operations, ensuring income stability. As the largest regulated utility in North America, Duke also has a large customer base, offering diversification. The reason to invest in Duke now, though, lies in its growth prospects.
Source Fool.com
