Too many investors look for the quick buck and buy risky investments like penny stocks. Slow and steady investing is the better strategy. To that end, dividend investing has proved over decades it is the superior way to build a retirement portfolio.
Yet, what if you could combine the two strategies? Buy dividend stocks, but seek out those with high yields to help juice long-term results. It could be a winning combination.
Certainly caution is still warranted. Risk and yield tend to go hand in hand, so investors need to scrutinize high-yield dividend stocks more diligently. Still, the following three high-yield candidates look ripe for the picking. With yields ranging from 4.2% to 8.9%, investors can reap the best of both worlds.
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