PXD - Should You Buy the 3 Highest-Paying Dividend Stocks in the S&P 500?
2024-01-28 07:50:00 ET
When researching potential stock buys, dividend investors often look first at a stock's dividend yield. It's understandable, but it should only be the starting point on the investing journey. Investors also need to dig into the details to understand the full story behind an investment before they buy it.
That's extra important when looking at the highest-yielding stocks in the S&P 500 index. Case in point, there are very good reasons dividend investors might want to avoid three S&P 500 stocks -- Altria (NYSE: MO) , Pioneer Natural Resources (NYSE: PXD) , and Devon Energy (NYSE: DVN) -- despite their big dividend yields.
Here's what you need to know about these three high-yielding dividend stocks.
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Should You Buy the 3 Highest-Paying Dividend Stocks in the S&P 500?