3 Top Stocks With High Dividend Yields
The idea behind buying these three stocks is the same. They all have dividend yields above 3% and the potential to grow earnings significantly in the future. The downside should be protected by the dividend while the upside comes from releasing the value inherent in each company.
Let's take a look at why 3M (NYSE: MMM), Watsco (NYSE: WSO), and Eaton (NYSE: ETN) are good options for dividend-seeking investors and perhaps get a better sense for why these three stocks have high dividend yields.
It's been a difficult few years for this multi-industry industrial giant. The company lost the premium valuation that it used to have over its peers, largely because it failed to meet its medium-term 2016-2020 objectives. Moreover, management can't really blame the economy because it was the segments with the least exposure to the economy, namely healthcare and consumer, that disappointed the most.
Source Fool.com
