2 High-Yield Dividend Stocks I'd Buy Right Now
If you run out and buy the stocks with the highest dividend yields, you'll likely find yourself owning a collection of troubled companies. You need to be more selective than that, and instead look for great companies with historically high yields. That's exactly what you'll find at industrial giant 3M (NYSE: MMM) and real estate investment trust (REIT) Federal Realty (NYSE: FRT) today.
One of the things that 3M makes is protective health equipment, notably the N95 masks used by medical professionals to block the coronavirus. But the company does so much more than that, breaking its business down into the safety & industrial (36% of sales), transportation & electronics (27%), healthcare (26%%), and consumer (the remainder) areas. Within each of these business groupings are dozens of smaller businesses, from Post-it notes to dental products. Each of its divisions is highly profitable, with healthcare the "weakest" division in the third quarter, posting an operating margin of 23.5%.
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Source Fool.com
