3 Stocks to Buy with Dividends Yielding More than 5%

With bank accounts offering little interest, investors have often turned to dividend stocks for income. While the average dividend yield stands at 1.5% for the S&P 500, some stocks offer cash returns above 5%. To this end, Chevron (NYSE: CVX), Lumen Technologies (NYSE: LUMN), and Omega Healthcare Advisors (NYSE: OHI) not only pay more than 5% but also hold tremendous potential for maintaining high-yielding, stable dividends.

Chevron has become one of the largest, most diversified energy companies in the world. Though it also operates an industrial lubricants business and has increasingly explored alternative energy, Chevron derives its profits from producing, processing, and selling oil and natural gas.

During the pandemic, it also gained an advantage over archrival ExxonMobil (NYSE: XOM). Both sustained losses amid low oil demand during the pandemic. During this time, ExxonMobil and Chevron increased total debt by $21 billion and $17 billion, respectively.

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Source Fool.com