These Ultra-High-Yielding Dividend Stocks Are No Joke
It's good to have a healthy dose of skepticism, especially today on April Fools' Day. If something seems to be too good to be true, it might be a trap trying to get you to fall for a joke.
There are a lot of traps in investing. Dividend yield traps are a common one that investors can fall for. You see a high dividend yield on a stock and believe you can make a lot of passive income. More often than not, the joke is on you as the company cuts its payout, and you lose money.
However, some big-time dividends are no joke. Realty Income (NYSE: O), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and (NYSE: VZ) all currently pay dividends yielding more than 5%, putting them several times higher than the S 500's (SNPINDEX: ^GSPC) 1.3% yield. All three companies have excellent records of increasing their high-yielding payouts, which seems likely to continue. Because of that, you can confidently buy these dividend stocks without the fear of eventually looking like a fool for falling for a trap.
Source Fool.com
Verizon Communications Inc. Stock
Verizon Communications Inc. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
On the other hand, the target price of 43 € is below the current price of 43.25 € for Verizon Communications Inc., so the potential is actually -0.58%.
