VZ - Is Now the Time to Buy 3 of the S&P 500's Highest-Yielding Dividend Stocks?
2024-06-08 03:30:00 ET
Dividend stocks help you to make money with no effort on your part. And that passive income can be incredibly powerful if it's reinvested long-term and piles up over the years. It's also a big part of why high-yielding dividend stocks can be particularly enticing, as they provide investors with more bang for their investment bucks.
But high yields also tend to come with increased risk. Three of the highest-yielding dividend payers among stocks in the S&P 500 today are Walgreens Boots Alliance (NASDAQ: WBA) , Altria Group (NYSE: MO) , and Verizon Communications (NYSE: VZ) . These stocks provide plenty of dividend income for investors right now compared to the S&P 500 average. But their yields are high for a reason (or multiple reasons) which isn't necessarily good.
Is it worth adding these three S&P 500 dividend payers to your portfolio today? Or is there too much risk involved with their high payouts?
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Is Now the Time to Buy 3 of the S&P 500's Highest-Yielding Dividend Stocks?