Wouldn’t it be great if you could pick stocks for free and still reap the rewards? Unless you have a rich benefactor doling out play money, or unless you count your paper trades as “profits,” that’s not going to happen anytime soon. But dividend stock investors can get the next best thing via high yield stocks with reliable paydays. These companies can literally pay for themselves in a decade or so — and then the value of the shares is 100% profits!
Not every dividend stock pays for itself in a reasonable time, however. Companies that slash payouts or keep yields at 1% or so could take a lifetime to shell out the dividends to offset your initial investment. But a select group of stocks has done this in less than 15 years. That’s certainly long term, but considering a 100% return on investment, that’s nothing to sniff at.
Here are seven high-yield dividend stocks that have paid for themselves in less than 15 years, using real dividends and real share prices from the third quarter of 1995 to present day.
- Poll of the Day