5 Stocks Paying A Juicy Yield Over 5%

Each year, they would receive juicy dividends, see their payments increasing and their portfolio growing in value. Wow! This really looks like buying a seafront house in Hawaii for $200K, doesn’t it? Unfortunately, however, many 5% yielders end-up cutting their dividend.

A 5% yield is only good if it keeps getting paid

Over the past few weeks, investors got hit by dividend cuts coming from well-known businesses. As I’ve highlighted last week in this article, large caps, dividend achievers and popular dividend-paying stocks have  their shareholders recently:

  • General Electric (GE) destroyed 92% of its dividend payment;
  • Owens & Minor (OMI) went for a 71% axe swing at its dividend;
  • Anheuser-Busch InBev (BUD) killed 50% of its dividend;
  • And Buckeye Partners (BPL) crushed its dividend by 41%.

So much for those who thought high yielders were safe, right? At the same time, it would be a false assumption of thinking that all high yield stocks would end up with a similar fate. If you follow strict investing rules, you may find those hidden gems that keep rewarding their shareholders with generous payments. I wanted to help you out through your research by sharing my (rare) favorite stocks showing a 5%+ yield.

My favorite 5 stocks paying over 5% yield

I thought of picking 5 Stocks with a 5%+ yield. Yield posted is as of November 7th.

Blackstone (BX) 6.88% yield

Blackstone is an asset manager with $456 billion in assets under management (AUM) that comes from private equity, real estate funds, hedge funds, and credit funds. BX doesn’t invest in the stock market but developed a strong expertise in alternative assets investing in the past 30 years. BX receives money from institutional clients or wealthy families and invests it as a general partner in the mentioned asset classes.

(Click on image to enlarge)

Blackstone (BX)

Source:  BX Q3 2018

Blackstone is a complex beast. BX could look like another asset manager offering a generous dividend yield to shareholders. However, it is more complicated than that. Since Blackstone keeps a cut of the profit realized on its investment, both revenues and earnings go up and down from one quarter to the other. Moreover, the strong dividend payment is also based on performance. Still, the company shows steady assets under management growth and benefits from its good reputation.

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