4 Hot Dividend Stocks Yielding More Than 6%
Finding high-dividend stocks is easy, but the key is to find ones where that high yield is safe. Many investors in recent months had unpleasant surprises when a company they bought for its dividend cut its payout when the market swooned.
A good example would be Royal Dutch Shell (NYSE: RDS.B), which after 75 consecutive years of dividend growth, slashed its payout 66% when oil prices slumped in March. Most high-yield dividend stocks don't have the track record that Royal Dutch Shell did, so no dividend (particularly with a yield at 6% or more) is completely secure.
Before looking at a dividend, it's important to look at how sustainable that high yield is and at prevailing market factors. Here are four stocks with dividend yields above 6% that I think are sustainable.
Source Fool.com
