7 Best High Dividend Stocks to Buy Now

The best high dividend stocks to buy now are not necessarily those that simply have a big dividend yield. As the old saying goes, there are two ways to get your dividend to 5% — increase that dividend over time, or offer a 2.5% dividend and watch your share price get cut in half. That is, of course, until the payout gets cut thanks to the same hard times that weighed on shares.

If you lose principal with your dividend investments, even a 5% payout annually won’t keep you whole. So the best high dividend stocks, then, aren’t necessarily companies that yield 7% or 10%, but rather those that yield in the ballpark of 3% to 5% and offer consistent share appreciation and steady dividend increases. So what exactly are the seven best high dividend stocks to buy? Take a look: Southern Co (SO), Public Storage (PSA), Chevron Corporation (CVX), Altria Group Inc (MO), Telefonica S.A. (ADR) (TEF), JPMorgan Chase & Co. (JPM) and Johnson & Johnson (JNJ).

Source: InvestorPlace

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