1 Scorching-Hot Dividend Stock That Yields 10.6%
An investor's natural reaction to a stock paying a yield of 10% or more might be to avoid it. That high of a yield can make investors think a dividend cut is around the corner as payouts even in excess of 5% aren't easy to sustain and might just be too good to be true. But there are exceptions.
The current bear market has sent share prices of several quality stocks plummeting, even if the financials of those companies are still solid. If that happens to an already high-yielding stock, its yield soars even higher.
This is what's happening with Medical Properties Trust (NYSE: MPW) right now. Investors shouldn't necessarily skip over this stock and assume its dividend is unsustainable. Considering the situation, this could turn out to be a steal of a deal.
Source Fool.com
