2 High-Yield Dividend Stocks to Buy Right Now
Dividend yield is often the first -- and sometimes the only -- criterion income investors look at when buying dividend stocks. Yield is important, but you must weigh whether it's safe and sustainable. Otherwise, you could end up in the high-yield trap and lose money, which is exactly the opposite of what a dividend stock is meant to do.
So how do you know a high-yield dividend stock is worth your money? If the underlying business is fundamentally strong and the company has a strong dividend track record, you're on the right track. The two stocks discussed below, yielding 6% and 8%, are fine examples. And the best part? Both stocks could rally as their industries recover.
W.P. Carey (NYSE: WPC) displayed solid resilience during the COVID-19 pandemic, but the stock is still down about 21% in the past 12 months and yields a big 6% today, making it a compelling buy.
Source Fool.com
