VZ - Should You Buy the 5 Highest-Paying Dividend Stocks In the S&P 500?
2023-05-15 09:31:23 ET
If you are looking to generate additional income or balance out your portfolio with some great dividend-paying stocks, there are many excellent options to choose from among the stocks in the S&P 500 . You could work from the list of stocks that have increased their annual dividends for at least 25 straight years . There are about 65 of them, at last count.
Or you could go right to the S&P 500 and pick the stocks with the five highest dividend yields. But the highest-yielding dividend stocks are not always the best investments. Here's why -- along with a recommendation for a better option.
The stocks that currently have the highest dividend yields on the S&P 500 are Altria Group (NYSE: MO) (8.2%); V.F. Corp (NYSE: VFC) (6.9%); Newell Brands (NASDAQ: NWL) and Verizon Communications (NYSE: VZ) (6.3% each); and Simon Property Group (NYSE: SPG) (6.1%).
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Should You Buy the 5 Highest-Paying Dividend Stocks In the S&P 500?