XHR - 3 Stocks to Buy With Dividends Yielding More than 5%
Whether you're building up your savings for retirement or just want some recurring cash flow, dividend stocks can be a great way to accomplish either goal. The three stocks listed below are good value buys that also pay dividends of more than 5% per year.
Canadian Imperial Bank of Commerce (NYSE: CM) is a solid, long-term investment for buy-and-hold investors. One of Canada's top five banks, CIBC can provide investors with a lot of stability and the opportunity to earn a good dividend.
The bank's revenues have consistently come in at over $4.4 billion Canadian dollars in each of the past four quarters. However, there could still be a lot of growth available for the company, as it acquired PrivateBancorp a few years ago, a move that will open up many opportunities in the U.S.