Dividend stocks are throwing off a bit more yield this month even as markets hit record highs. The S&P 500 is up nearly 2% during the past month, yet the yield on the index edged up to 1.98% from 1.94%, too.
That’s a double helping of good tidings ahead of the holidays.
After all, higher yields on dividend stocks, however marginal, are welcome news for income investors who have been feeding off paltry payouts on bonds and savings products. The yield on the benchmark 10-year Treasury note rose sharply over the last month, but it’s still well below 3%. Heck, top-paying five-year jumbo CDs are lucky to break 2%.
So while the market’s march to new highs feels great, don’t forget that income investors with cash to deploy usually have to contend with lower yields on dividend stocks when prices on those shares rise.
Happily, generous yields on dividend stocks abound in America’s main market benchmark. Indeed, some of these names look like firehoses of income. So where can you find the highest yields among dividend stocks in the S&P 500? Read on to find out: