VTRS - These 2 Dividend Stocks Yield 5% -- and They Aren't Risky Buys
2023-06-08 08:08:00 ET
You can secure a 5% dividend yield without being too risky or aggressive. Sometimes, it's a matter of jumping on a good opportunity when it arises. A stock can fall in value for various reasons, including a general bear market, and that pushes its yield up. As long as the underlying business is safe and there is nothing wrong with the company's fundamentals, that can be a good way to snap up a high-yielding stock without taking on a big risk.
Viatris (NASDAQ: VTRS) and Enbridge (NYSE: ENB) are two stocks with high yields that look fairly safe right now. Here's why either one could be good a buy for income investors.
Viatris makes branded and generic drugs, including the cholesterol medicine Lipitor. The company was formed in 2020 when healthcare giant Pfizer spun off its slow-growing Upjohn division, and merged it with Netherlands-based Mylan, another generic and specialty pharmaceuticals company. Not only did Viatris' business not grow last year, but sales of $16.3 billion were also down 9% from the previous year. Viatris also sold off its biosimilars business for $3.3 billion last year.
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These 2 Dividend Stocks Yield 5% -- and They Aren't Risky Buys