5 High-Yield Dividend Stocks to Watch
This year has been a challenging one for income investors. Many companies cut or suspended their dividends due to the uncertainty caused by COVID-19. Meanwhile, several other payouts are at risk of those same outcomes if market conditions don't improve. Because of that, they're not great buys right now. However, they're intriguing options for yield-seeking investors to watch. Here are five worth putting on your income watch list.
Natural gas pipeline operator ONEOK (NYSE: OKE) currently yields 12.7%. The payout has risen to such heights partly because investors are worried about its long-term sustainability after the impact this year's oil market downturn had on its cash flow. While ONEOK has no plans to cut its dividend, it might need to go that route if market conditions don't improve, since it could use that cash to pay down debt. Given that uncertainty, investors should watch this dividend stock for now. However, if its leverage ratio and market conditions improve, its payout would become a more attractive option.
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Source Fool.com
