4 Top Dividend Payers of the S&P 500
Advance Auto Parts was one of the highest-yielding stocks in the S&P 500 index not so long ago. And then it drastically reduced its dividend, trimming the quarterly payout by 83%. This is why simply buying the highest yield isn't always the best idea.
For those seeking out high yields, here are the four top dividend-yielding stocks in the S&P 500 index at the moment. Let's take a closer look at each and determine why each company is on the list and whether they will remain there.
Altria (NYSE: MO) sits atop the S&P 500 for dividend yield right now, with a huge 8.5% yield. The company mainly sells cigarettes in the United States under iconic names like Marlboro. This single fact might keep many investors away, given the health issues surrounding cigarettes. But there's more to the story.
Source Fool.com
