3 Dividend Stocks Yielding Over 8.5% to Buy With $1,000 Right Now -- and Hold for a Lifetime of Passive Income
These companies offer high-yielding payouts at a time when the S&P 500's yield is low.
Overview
Most stocks don't offer very appealing dividends these days, with the yield on the S&P 500 near a multi-decade low at around 1%. Investors seeking a higher yield often need to take on more risk, including the greater likelihood of a future dividend cut.
However, there are some lower-risk, higher-yielding investment options out there if you know where to look. Here are three companies yielding over 8%. Those high yields could enable investors to turn $1,000 into a lucrative passive income stream that could last a lifetime.
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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.