3 Dividend Stocks to Buy That Yield More Than Double the S&P 500
With the S 500 hovering around an all-time high, some investors might be looking for safer investments that generate passive income without the stock market needing to go higher. The S 500 has long been a source of passive income. But investing in an S 500 index fund yields just 1.5% right now, far lower than the risk-free 10-year Treasury rate at 4.2%.
The S 500's yield is down because the index's growth has outpaced the growth rate of many top dividend stocks, and the fact that the index is now made up of a higher percentage of companies that don't pay dividends at all (or very low dividends).
Chevron (NYSE: CVX), United Parcel Service (NYSE: UPS), and Coca-Cola (NYSE: KO) all yield more than double the S 500. Here's why each dividend stock is worth buying now.
Source Fool.com
United Parcel Service Inc. Stock
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 162 € shows a slightly positive potential of 19.01% compared to the current price of 136.12 € for United Parcel Service Inc..
