Buy and Hold These 3 High-Yielding Dividend Stocks for Long-Term Gains
I read a recent Barron’s article about some of the reasons high-yielding dividend stocks could rebound.
Barron’s noted BMO Chief Investment Strategist Brian Belski comments that there’s been indiscriminate selling of high-yield dividend stocks by investors. The reason? You can get guaranteed returns of nearly 5% from 10-year Treasuries.
The strategist pointed out that only during the pandemic and in the tech bubble did high-yielding dividend stocks underperform the S&P 500 over the past 30-odd years, suggesting that now was a perfect time to buy some of the down, but not out, cohort of stocks.
“[I]t may be surprising to some that the strongest average outperformance of these stocks has occurred when the 10-year Treasury yield ranged between 4% and 6%, significantly higher than the average outperformance at lower yield levels,” Belski says, according to Barron’s.
Barron’s contributor Teresa Rivas provides a list of high-yielding stocks to buy that Belski also rates highly. Here are the three names I like from the list of 11 names.
https://investorplace.com/2023/11/buy-and-hold-these-3-high-yielding-dividend-stocks-for-long-term-gains/