5 Cheap High-Yield Dividend Stocks Set to Grow Their Dividends

Each of these high-yield dividend stocks has a dividend yield exceeding 6.5%. That’s is a very high dividend yield few stocks have. In addition, the dividend per share has been growing at a positive rate in the past five years. Moreover, the price-to-earnings ratio on a forward basis is 13 times or less. That means they’re priced to buy. Finally, each of these high-yield dividend stocks has forward earnings per share that are at least 100% of the dividend per share set for 2020...

Arbor Realty Trust (NYSE:ABR) stock is a Real Estate Investment Trust (REIT) that invests in mortgages and bridge loans related to real estate purchases. ABR stock has a $1.9 billion market value and pays a $1.20 dividend per share that yields 8.1%. Enterprise Products Partners (NYSE:EPD) is an oil and natural gas midstream service provider based in Houston. Magellan Midstream Partners (NYSE:MMP) transport, stores and distributes refined petroleum and crude oil in the U.S. Meredith Corporation (NYSE:MDP) is the number-one magazine operator in the U.S. Tanger Factory Outlet Centers (NYSE:SKT) is a REIT that owns or has a stake in 39 upscale outlet shopping centers in 20 states and Canada.

Source: InvestorPlace

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