WMB - The S&P 500 Is at All-Time Highs and These 3 Stocks Are Still High-Yield Buys
2024-06-04 10:00:00 ET
The S&P 500 has enjoyed a nearly unrelenting rally over the past year. It's up nearly 10% in 2024 and has surged almost 24% over the past 12 months. That has the broad-market index routinely setting new all-time highs.
The S&P 500's rally also has it trading at a high-valuation multiple (more than 20 times its price-to-earnings ( P/E) ratio ) and low-dividend yield (around 1.3%), making it harder to find values and compelling income streams.
However, there are still some attractive high-yield buys even as the market hits new highs. Enbridge (NYSE: ENB) , Williams (NYSE: WMB) , and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.com contributors for their enticing income streams.
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The S&P 500 Is at All-Time Highs, and These 3 Stocks Are Still High-Yield Buys