Dividend investing was all the rage during the tumultuous days of 2010 and 2011, where it was hard to depend on your shares doing anything other than gyrating up and down and ultimately leaving you right where you started.
But with a big rally to start 2013, many investors are “risk-on” again — abandoning high-yield stocks for turnaround stories like retailer Best Buy (BBY), which has more than doubled since Jan. 1, or sexy growth stories like electric car manufacturer Tesla Motors (TSLA), which is up 260% in about six months.
Don’t let the fireworks fool you, though. High-momentum stocks often see a painful end to their run. If you’re a long-term investor — particularly one concerned with income and capital preservation as much as profits — then dividend stocks remain a powerful way to invest.
If you’re not interested in chasing high-fliers in what could wind up being a bumpy second half of the year, then consider these five dividend payers with stable share price and impressive yields north of 5%: