3 Stocks to Buy With Dividends Yielding More Than 5%
2020 has been a tough year for income investors, as the COVID-19 crisis forced many companies to abruptly cut or suspend their dividends. However, many reliable dividend stocks survived that wash out, and continue to pay forward yields exceeding 5%.
Let's examine three of those high-yield heavyweights: AT&T (NYSE: T), Seagate (NASDAQ: STX), and Philip Morris International (NYSE: PM). All three of these blue-chip companies face near-term headwinds, but their core businesses could stabilize in the near future -- so investors who buy these high-yielding stocks could be well-rewarded for their patience.
AT&T is one of the top wireless carriers in the U.S. It's also a leading pay-TV provider, thanks to its takeover of DirecTV five years ago, and its acquisition of Time Warner in 2018 turned it into a media juggernaut.
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Source Fool.com
