3 High-Yield Dividend Stocks to Buy and Hold
Yahoo Finance ·
Broader equities have performed so well in recent years that the dividends companies pay haven't kept pace. As a result, the S&P 500 's average yield is just 1.1% right now. Thankfully, it's possible to find high-yield dividend stocks that are worth investing in. Here are three examples: Pfizer ( PFE +1.27% ) , Novo Nordisk ( NVO +1.82% ) , and Sanofi ( SNY +1.21% ) . All three have faced some issues lately, but they are worth sticking with for the long haul, especially for dividend seekers. Let me explain. Several headwinds -- including mediocre financial results and upcoming patent cliffs -- have pushed Pfizer's shares down significantly over the past few years. But the drugmaker hasn't suspended or decreased its payouts. As a result, Pfizer's forward dividend yield is now a juicy 7.1%. And despite the issues it has faced, it's a great time to pick up Pfizer's shares on the dip. The pharmaceutical leader boasts several products that are posting solid sales growth and should help nudge the top-line in the right direction over the medium term. The list includes Padcev, a cancer medicine, and Abrysvo, a respiratory syncytial virus vaccine.
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