3 Top Dividend Stocks With Yields Over 5%

A stock with a high dividend yield can be enticing, but it's important you ensure the dividend is backed by a steady, even rising, payout and is sustainable to avoid the risk of falling into value traps that high-yield stocks can sometimes turn out to be. High-yield stocks with an established dividend track record and growth catalysts that could drive dividends even higher are best bets, just like the three following stocks that offer yields as high as 5% or more.

Despite a solid 5.5% yield that's backed by growing dividends, W.P. Carey (NYSE: WPC) is an underrated stock. Investors in W.P. Carey were worried about how the company will ride out the COVID-19 pandemic storm as it brought commercial activity to a grinding halt. W.P. Carey, after all, gets nearly 22% of its annual rent each from offices and warehouses, and nearly a quarter from industrial properties. The real estate investment trust (REIT), however, collected 95% or more rent through the pandemic last year.

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Source Fool.com