T - Billionaires Are Buying These 2 Ultra-High-Yield Dividend Stocks Hand Over Fist. Are They Smart Buys for Your Portfolio?
2024-06-11 05:21:00 ET
Billionaire investors generally don't necessarily need dividend income to make ends meet. They buy dividend-paying stocks because they know that companies committed to returning a portion of earnings to shareholders tend to outperform ones that don't.
In the first three months of the year, billionaire hedge fund managers bought millions of shares of Pfizer (NYSE: PFE) and AT&T (NYSE: T) .
Both of these dividend payers offer mouthwatering yields near 6% at recent prices. Here's a look at how they could maintain their quarterly payouts over the long run. Let's see if they're right for everyday investors, too.
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Billionaires Are Buying These 2 Ultra-High-Yield Dividend Stocks Hand Over Fist. Are They Smart Buys for Your Portfolio?