Published on 21 Mar 2023 on InvestorPlace via Yahoo Finance

7 High-Yield Dividend Stocks to Compete Against Rising Yields

Although passive income has always been a strong component of a well-balanced portfolio, investors may want to pay particular attention to high-yield dividend stocks to buy. Should the Federal Reserve continue to move forward with its interest rate hikes, bond yields will rise. In turn, securities that can’t keep pace with a higher dividend yield may suffer the consequences.

Indeed, one of the problematic circumstances associated with the Fed’s otherwise noble efforts in containing inflation centers on the competition. Unless you anticipate the U.S. government defaulting on its obligations, its debt securities practically represent zero-risk investments. Of course, when zero-risk investments offer a superior yield to equities, that becomes a serious dilemma. To help mitigate this dynamic, those that want to stay in the market should consider the below high-yield dividend stocks to buy.

PFEPfizer$40.63PSXPhillips 66$96.37PMPhilip Morris$95.75BHPBHP Group$58.09RIORio Tinto$74.54ICLICL Group$6.67IIPRInnovative Industrial Properties$79.95