5 Dividend Stocks With Enough Free Cash Flow to Afford Their High Yields

I wanted to find five dividend stocks that had very high yields that appeared to be quite secure. As you know, the dividend yield ratio is calculated by dividing the annual dividend by the price of the stock. In this case, the dividend is the latest quarterly dividend paid by the company annualized over the next 12 months.

This was also to be a diversified list of non-real estate-related companies that had enough free cash flow (FCF) to cover the dividend payments. The following five stocks pay high dividends where the FCF is enough to cover the cost. The dividend yields equal 9% to 10% of their stock prices. The dividend stocks are: CenturyLink (NYSE:CTL), Dine Brands Global (NYSE:DIN), BP (NYSE:BP), Halliburton (NYSE:HAL) and Meredith Corp (NYSE:MDP).

Source: InvestorPlace

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