D - Should You Buy the 3 Highest-Paying Dividend Stocks in the S&P 500?
2023-12-08 17:28:00 ET
The S&P 500 is the U.S. stock market's most popular and followed index. It tracks the 500 largest public U.S. companies and is how people often gauge the health of the U.S. economy. Although the S&P 500 isn't known for its eye-popping dividend yield, it does have a respectable one, currently around 1.6%. Many companies in the S&P 500 have a dividend yield far above that. As of Dec. 4, here are the three S&P 500 companies with the highest dividend yields:
Data source: Google Finance.
It's natural for investors to consider these high-yield stocks for income purposes. However, that might not be the right approach with these three companies.
For further details see:
Should You Buy the 3 Highest-Paying Dividend Stocks in the S&P 500?