1 High-Yield Dividend Stock Yielding Nearly 6% That's Safe to Buy -- and 1 Yielding Over 8% I Wouldn't Touch
A higher yield isn't always worth the risk.
Overview
Enbridge (NYSE:ENB) and Delek Logistics Partners (NYSE:DKL) currently offer big-time yields. Enbridge is approaching 6%, while Delek is over 8%, each several multiples above the S&P 500. Both energy midstream companies have long records of increasing their high-yielding payouts.
Despite their solid growth records, only Enbridge is safe to buy. Here's why I think income-focused investors should buy that pipeline stock instead of its higher-yielding rival.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.