Who said Zombies did not exist? When last month I wrote about the fact that we finally had a new stock at the very top of the dividend rankings, I did not expect that to only last for one month… But it looks like that is exactly what has happened.
I’ve written a few times about how looking at dividend yield could be misleading. One part of the reason is that some companies end up paying more than they can afford to.
I also wrote about why dividend investing is not just a trend and I think that finding the right stocks to include is a critical part. Today we have an interesting analysis as the top pick actually has a very low payout ratio.. !
Today, we are back with our list of the top 100 dividend stocks from the S&P500 and there is no surprise in who is on top. I would caution greatly against investing based only off of a dividend yield though.
Frontier Communications Corp (FTR)
One very interesting fact is that 3 stocks currently stand at a dividend yield of 10% or more including the stock that ranked #1 last month, Pitney Bowes Inc (PBI). With a dividend yield over 10% and a payout ratio of nearly 500%, it sure looks like FTR is not exactly a sustainable dividend stock right? I
Over the weekend, I will do further research on these 100 names and will send it over to newsletter subscribers next week, be free to join if you haven’t already, it’s free!:)
In the meantime, here is the list![table “408” not found /]
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