3 Beaten-Down Ultra-High-Yield Dividend Stocks to Buy Now

The problem is, finding high-quality dividend stocks isn't easy. That's because yield and risk tend to be correlated. In other words, the higher the yield investors will receive, the higher the likelihood of losing money and/or running into a yield trap -- i.e., a situation where an artificially high yield lures investors into a struggling business. Since yield is a function of payout relative to share price, a failing business model with a plunging share price could present with a skyrocketing yield and trick unsuspecting income investors. Right now, there are three ultra-high-yield dividend stocks that have been beaten down in recent years and may be worth buying...

To lean on the ultimate cliche, tobacco giant Altria (NYSE:MO) has gone up in smoke recently, with its stock hitting lows not seen in five years. Another ultra-high-yield dividend stock that investors would be wise to consider buying is Russian telecom and content giant Mobile TeleSystems (NYSE:MBT). A third beaten-down ultra-high-yield stock to consider scooping up is coal producer Alliance Resource Partners (NASDAQ:ARLP).

Source: Motley Fool

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