Top Ultra-High-Yield Dividend Stocks for Income-Focused Investors
Wednesday, 20 March 2024, 10:44
2 Ultra-High-Yield Dividend Stocks to Consider and 1 to Approach with Caution
Income-seeking investors should focus on the most sustainable payouts. The S&P 500 currently has a 1.4% dividend yield, which may not be attractive for most income-focused investors. Many companies offer dividends yielding more than four times the S&P 500.
Avoiding Risky High Dividend Stocks
- 3M (NYSE: MMM): With a 5.8% dividend yield, 3M's dividend sustainability raises concerns due to potential uncertainties post-spinoff.
Exploring Growth Opportunities
- Enbridge (NYSE: ENB): Offering a 7.6% dividend yield with a history of consistent growth, Enbridge presents a strong growth outlook backed by stable cash flow and expansion projects.
- Clearway Energy (NYSE: CWEN.A)(NYSE: CWEN): With a 7.6% dividend yield and robust dividend growth plan, Clearway Energy leverages stable cash flow and renewable energy investments for sustained growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.