3 Stocks to Buy With Dividends Yielding More Than 6%
When seeking companies whose stock provides a dividend yield of 6% or more, you know the list will be somewhat short and the reasons for the high yield will either be very good or very bad, so it makes sense to take a good hard look first.
It doesn't make much sense to purchase a stock for a high dividend only to watch that dividend be cut, or even worse, see its stock price plummet and have the dividend cut. That's a real risk with any stock that has a high dividend, simply because the yield is a ratio of how much a company pays out in dividends each year relative to its current stock price.
One Liberty Properties (NYSE: OLP), Westlake Chemical Partners (NYSE: WLKP), and AT&T (NYSE: T) all provide dividends with yields of at least 6%, yet are in solid positions with potential for growth this year. In the case of these companies, the yield is so high is because their stock price has dropped. But what I like about all three of these stocks is that their share prices are going back up.
Source Fool.com
