It’s a difficult time to be an income investor. The S&P 500 index has rallied off of its 2020 lows and has returned to near-record highs, pushing the average dividend yield in the index below 2%. In addition, with interest rates near zero, fixed income yields are suppressed as well. The end result is that investors have to look deeper for high-yield stocks.
Fortunately, there are still many dividend stocks with yields of 5% or more. And even better, investors do not have to sacrifice quality. 7 Value Stocks To Buy in an Overvalued Market Multiple high-yield stocks have sustainable dividends with room for dividend growth in the future. The following five stocks have yields above 5%, with durable competitive advantages and long-term growth potential that provide safety to their dividends.InvestorPlace – Stock Market News, Stock Advice & Trading Tips
Philip Morris International (NYSE:PM)
Enbridge Inc. (NYSE:ENB)
Unum Group (NYSE:UNM)
AbbVie Inc. (NYSE:ABBV)
International Business Machines (NYSE:IBM) High-Yield Stocks: Philip Morris International (PM) Source: defotoberg / Shutterstock.com Philip Morris International is one of the world’s largest tobacco companies, with a market cap of $123 billion. PM sells its products outside the United States. The cigarette maker’s product portfolio includes its flagship Marlboro brand.
On July 21, Philip Morris reported second-quarter operating results. For the quarter, the company generated net revenue of $6.65 billion, which