Published on 16 Apr 2024 on Insider Monkey via Yahoo Finance

12 Highest Yielding Dividend Stocks You Can Buy Right Now

In this article, we discuss 12 highest yielding dividend stocks you can buy right now. You can skip our detailed analysis of high-dividend stocks and their previous performance, and go directly to read 5 Highest Yielding Dividend Stocks You Can Buy Right Now. 

Financial experts have often warned investors about falling for yield traps as they are often a sign of financial trouble. However, some reports have shown that high-yield dividend stocks have shown strong performance over the years. In our article titled 12 Very High Yield Dividend Stocks With Upside Potential, we referred to data by Newton Investment Management (NIM) and highlighted that high-dividend stocks have outperformed the market during periods of high inflation from 1940 to 2021. The NIM report also mentioned that stocks with higher dividend yields tend to generate higher returns in the future. These results were based on the US market data from July 1928 to June 2019. The research showed that portfolios comprised of high-dividend yield stocks outperformed those with low or zero dividend yields on a value-weighted basis. Specifically, they outperformed low-yield portfolios by 199 basis points (bps) and zero-yield portfolios by 330 bps.