3 Top Dividend Stocks With Yields Over 5%
It's been a rough year for dividend stocks, with companies slashing payouts right and left in an effort to hold on to waning cash reserves. While this has naturally caused considerable stress for investors, it's also made it easier to discern the winners that have stayed the course in the market downturn.
If this year has taught investors anything, it's been that portfolio diversification and recession resistance are key factors to consider when determining whether to buy a stock. By purchasing shares of stalwart companies that have also consistently maintained and raised their dividends, you can build your portfolio while boosting your cash reserves for later reinvestment or to save for a rainy day. Many investors are anxiously awaiting another crash, but the truth is, there's no way to predict with exact certainty if or when the market will take a turn into bear territory.
Whether the next market crash is months away or further into the future, here are three high-yielding dividend stocks that you can buy and hold for years to come.
Source Fool.com