SKT - Here Are My Top 2 High-Yield Dividend Stocks to Buy Now
2024-06-09 04:45:00 ET
For long-term investors, dividends are a critical piece of the performance puzzle. Here's an almost unbelievable statistic from Harford Funds: Since 1960, 85% of the S&P 500 's cumulative total return was tied to reinvesting dividends.
However, not all dividend stocks are created equal. High yields can sometimes come with high risks, so investors should focus on high-quality companies capable of sustaining and growing their dividend payments over time. Two of the best bets right now are British American Tobacco (NYSE: BTI) and Tanger (NYSE: SKT) .
Consumption of cigarettes and other combustible products is in decline, particularly in the U.S. British American Tobacco expects global tobacco industry volume to be down around 3% this year, and the company has seen a 9% decline in the U.S. year to date.
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Here Are My Top 2 High-Yield Dividend Stocks to Buy Now