Dividend stocks can be a great way to make some passive income. The higher a stock's dividend yield, the more income the investment can produce.
While investors still need to be cautious when buying higher-yielding dividend stocks because they can be at a higher risk of a dividend reduction, there are several excellent options. Three high-quality high-yield stocks that our contributors don't want you to overlook are 3M (NYSE: MMM) , Delek Logistics Partners (NYSE: DKL) , and NextEra Energy Partners (NYSE: NEP) . Here's why these high-yield stocks stand out from the pack.
Reuben Gregg Brewer (3M): In the first quarter of 2022, diversified industrial giant 3M spent $0.13 per share dealing with ongoing lawsuits and another $0.26 to address ongoing environmental issues. Those two costs represent roughly 15% of the company's newly formulated adjusted earnings. That adjusted earnings revamp was made to help show investors the expense of these ongoing issues.
For further details see:3 High-Yield Dividend Stocks You Won't Want to Overlook