3 High-Yield Dividend Aristocrats to Buy

When it comes to high-yield stocks, many big payouts are too good to be true. Many battered companies feature sky-high yields, but that’s simply a product of math — if dividend yield is the payout divided by the stock price, and that stock price gets smaller, the yield will naturally get bigger. But crumbling stocks’ dividends are far from safe.

Of course, many dividend aristocrats still feature piddling yields — some lower than 1%. What’s more enticing to income investors is a dividend aristocrat that not only grows its payouts, but also offers a substantially high yield. So, today we’ll be looking at three such dividend aristocrats that are recording decades of dividend growth while also yielding at least 4%: Since starting its dividend program in 1984, AT&T (T) hasn’t missed a beat. Consolidated Edison (ED) is a major American utility company (best known for serving the New York City), and that’s practically synonymous for reliable, consistent financials. Lastly, we have Chevron (CVX), the big oil and gas company. And like most oil and gas companies, CVX has been taken to the woodshed.

Source: InvestorPlace

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