4 Unknown Dividend Stocks Yielding 5% or Higher

The good news is retirees have ample choices when it comes to dividend stocks. On a trailing 12-month basis, better than 40% of all publicly traded stocks paid a dividend to shareholders. (Admittedly, this also includes one-time dividends that may not be recurring.) Some of the most sought-after income stocks tend to be America's largest companies and industry leaders. This would certainly make sense given that industry leaders usually have sustainable competitive advantages that lead to healthy cash flows and growing, sustainable dividends.

However, there's also an array of less-known dividend payers that can pack a healthy income punch for retirees. Let's have a look at four such companies that retirees should give serious consideration to: Iron Mountain (NYSE:IRM), Compass Diversified Holdings (NYSE:CODI), FLY Leasing (NYSE:FLY) and Citizens & Northern (NASDAQ:CZNC).

Source: Motley Fool

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