3 High-Yield Dividend Stocks to Buy and Hold
All three can be bought on the dip.
Overview
Broader equities have performed so well in recent years that the dividends companies pay haven't kept pace. As a result, the S&P 500's average yield is just 1.1% right now. Thankfully, it's possible to find high-yield dividend stocks that are worth investing in. Here are three examples: Pfizer (NYSE: PFE), Novo Nordisk (NYSE: NVO), and Sanofi (NASDAQ: SNY). All three have faced some issues lately, but they are worth sticking with for the long haul, especially for dividend seekers. Let me explain.
Image source: Getty Images.
Several headwinds -- including mediocre financial results and upcoming patent cliffs -- have pushed Pfizer's shares down significantly over the past few years. But the drugmaker hasn't suspended or decreased its payouts. As a result, Pfizer's forward dividend yield is now a juicy 7.1%. And despite the issues it has faced, it's a great time to pick up Pfizer's shares on the dip. The pharmaceutical leader boasts several products that are posting solid sales growth and should help nudge the top-line in the right direction over the medium term. The list includes Padcev, a cancer medicine, and Abrysvo, a respiratory syncytial virus vaccine.
Details
Source
Originally published at www.fool.com.
Related Articles
- Lucid Just Soared 29% After Calling Bankruptcy Rumors "Completely False." Here's What Its Balance Sheet Actually Shows.
- SpaceX, Alphabet, and SK Hynix Are Quietly Flashing a Bullish Signal Investors Should Not Ignore
- Down 26%, Is IBM Stock the Smartest Dividend Stock to Buy for the Second Half of 2026?