Top Ultra-High-Yield Dividend Stocks for Income-Focused Investors

Wednesday, 20 March 2024, 10:44

Income-seeking investors should prioritize sustainable payouts and explore higher-yielding options in the market. While the S&P 500 offers a modest dividend yield, companies like Enbridge and Clearway Energy provide attractive dividend yields with solid growth potential. On the other hand, caution is advised with ultra-high dividend stocks like 3M due to potential uncertainties around dividend sustainability post-spinoff. Ultimately, investors should consider dividend sustainability and growth prospects when evaluating dividend stocks for their portfolios.
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Top Ultra-High-Yield Dividend Stocks for Income-Focused Investors

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.


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