3 High-Yield Dividend Stocks That Are Bursting with Long-Term Potential
The stock market just posted its best month since November 2020 as investors shrug off high inflation and rising interest rates, and focus instead on an economic recovery. No one knows where the stock market or the economy could be headed in the coming quarters. But history tells us that quality companies that pass along excess earnings to investors through dividends and buybacks can provide an excellent source of passive income even amid market volatility.
Investing in equal parts of United Parcel Service (NYSE: UPS), Watsco (NYSE: WSO), and Tronox (NYSE: TROX) gives an investor an average dividend yield of 3.2% and exposure to different industries in the industrial and material sectors. Here's what makes each stock a great buy now.
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Source Fool.com
