5 High-Yield Dividend Stocks to Watch
The following five companies offer investors many compelling stories, from a company transitioning away from a dying legacy business to another trying to survive and evolve in a plateauing sales environment. However, the best thing the following five companies offer might just be their high dividend yields, which should entice investors to hold shares while their stories unfold.
You might be surprised to find a cigarette company on this list of high dividend yields to watch, but despite a declining number of American smokers, Altria (NYSE: MO) still offers an attractive dividend, which management has noted is a high priority for the company's capital. Altria boasts a juicy 8.3% dividend yield, and the company is prepared to adapt to new trends.
There's no question that Altria has had a rough go of it lately, which has sent its stock price roughly 35% lower over the past three years. With claims of illness and even death possibly linked to vaping, some of Altria's massive $12.8 billion investment in Juul has eroded. Plus a canceled merger with Philip Morris International and declining cigarette consumers in the U.S. make a bull thesis for the company difficult. Despite all of those challenges, though, Altria has a chance to reignite its business through a once-taboo route.
Source Fool.com
