T - 3 High-Yielding Dividend Stocks That Pay More Than Four Times the S&P 500 Average
2024-06-12 09:45:00 ET
If you want a good dividend, you can aim much higher than the 1.4% yield that the S&P 500 averages. In some cases, you can earn a lot more than the average -- without even having to take on much more risk. While high-yielding stocks sometimes have the connotation of being risky investments, that isn't always the case.
Three stocks I'd feel comfortable relying on for dividend income that yield more than 6% today are AT&T (NYSE: T) , Enbridge (NYSE: ENB) , and Western Union (NYSE: WU) . Here's how high their yields are today and why these can be great income stocks to buy and hold.
Telecom giant AT&T hasn't been getting a lot of love from investors in recent years, and that has created an attractive buying opportunity. At 6.1%, the stock provides a high payout and its valuation remains cheap. Shares of AT&T trade at just 10 times the company's trailing earnings.
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3 High-Yielding Dividend Stocks That Pay More Than Four Times the S&P 500 Average