3 Ultra-High-Yield Dividend Stocks With 42% to 50% Upside, According to Wall Street
Since the Great Recession ended more than 12 years ago, growth stocks have been the talk of Wall Street. Historically low lending rates and an accommodative Federal Reserve have paved the way for fast-paced companies to borrow cheaply in order to hire, acquire, and innovate.
But look out over many decades and you'll find that dividend stocks have been the superior play. A report from J.P. Morgan Asset Management, a division of JPMorgan Chase, found the average annual return for companies that initiated and grew their payouts between 1972 and 2012 completely trounced the average annual return of companies that didn't pay a dividend over the same four-decade span (9.5% vs. 1.6%).
While all eyes remain on growth stocks, some analysts on Wall Street foresee big upside for a handful of ultra-high-yield dividend stocks (i.e., companies arbitrarily defined as having yields of 7% or higher). Based on the high-water price targets from analysts, the following three ultra-high-yield stocks could rise 42% to as much as 50% over the next 12 months.
Source Fool.com
