7 High-Yield Dividend Stocks That Can Double Your Money in 2023

In general, the high-yield dividend stocks have a low-beta and they represent companies with strong fundamentals. Amidst the market turmoil, there are several dividend stocks that trade at a significant valuation gap. It’s a good time to accumulate these stocks for returns that comfortably beat inflation. I believe that market sentiments might reverse if the fed pursues expansionary policies in the second half of the year. In this scenario, undervalued blue-chip stocks with an attractive dividend yield can have a meaningful rally.

This column discusses seven high-yield dividend stocks that could double your money in 2023. These are the high-yield dividend stocks to buy for healthy total returns in 2023. Newmont Corporation (NEM): Investment grade balance sheet and dividend growth visibility in 2023. Barrick Gold (GOLD): Healthy asset base and robust cash flows likely to sustain. Pfizer (PFE): Deep pipeline of drugs and broadening of portfolio through acquisitions. Albemarle Corporation (ALB): Sustained capital investments to translate into revenue and EBITDA growth. AT&T (T): Deeply undervalued with positive business growth metrics and deleveraging of the balance sheet. Vale (VALE): Can surge higher from undervalued levels in a commodity bull market scenario. Rio Tinto (RIO): Investment grade balance sheet with $27 billion investment planned in the next three years.

Source: InvestorPlace

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