3 Top Dividend Payers of the S&P 500

A recent survey of professional money managers showed that there is an overwhelming shift toward stocks that pay high dividends. Some 42%, the highest response, said they are most likely to buy stocks with high dividends now, given the expectations for a continuing malaise in the stock market.

Dividend stocks are indeed more popular in market corrections and bear markets, as they help to boost total returns. If you are looking to add some dividend stocks, here are the three that currently pay the highest yields in the S&P 500.

Lumen Technologies (NYSE: LUMN) currently has the highest yield in the S&P 500 at 9.29%. The telecommunications company, which had been known as CenturyLink until 2020, is currently trading at about $10.50 per share, down about 16% year to date and 20% over the past year as of July 14.

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Source Fool.com