3 High-Yielding Dividend Stocks to Safely Build Your Portfolio Around
Dividend stocks can be solid pillars for your portfolio. They can generate a lot of recurring income for your portfolio over the years while also providing you with some stability. Three safe stocks which can be strong options for any portfolio and that offer high yields are Verizon Communications (NYSE: VZ), Bank of America (NYSE: BAC), and United Parcel Service (NYSE: UPS). Here's why these three stocks can be anchors for your portfolio for the long haul.
Verizon makes for an excellent and dependable dividend stock to own. The telecom giant won't generate massive returns or experience incredible top-line growth, and you also shouldn't expect that from Verizon. You'll want this stock primarily for the dividend income you can collect from it.
Its dividend yield of 6.7% is far higher than the S 500 average of 1.5%. And what's even more impressive is that Verizon has also increased its payouts for 17 consecutive years. As long as the company continues to post strong earnings numbers, investors can expect to see that streak continue, which is why there's plenty of incentive to buy and hold shares of Verizon as this can be an investment you just add to your portfolio and forget about, knowing that it will be fine.
Source Fool.com
Verizon Communications Inc. Stock
With 22 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 40 € shows a slightly positive potential of 7.92% compared to the current price of 37.07 € for Verizon Communications Inc..
