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3 High-Yield Dividend Stocks with More Than 30% Upside By StockNews


© Reuters. 3 High-Yield Dividend Stocks with More Than 30% Upside

With the Federal Reserve’s tapering of its bond buying still not clearly in sight, and interest rates remaining at near-zero levels, dividend payouts are approaching pre-pandemic highs. Given this, we think that high dividend-yielding stocks BP plc. LON: (NYSE :)), British American Tobacco NYSE:), Petrobras (PBR), could all be attractive investments. So, let’s examine these names.The Fed’s anticipated bond tapering is still shrouded with uncertainty, and interest rates are still at near-zero levels. Ten-year Treasury yields fell to 1.32% because investors rushed to get bonds due to uncertainties in the equity markets.

In the meantime, equity dividend payments have seen a significant increase in second quarter. They are projected to reach $1.39 trillion by 2021. High dividend yielding stocks that have a long history of paying dividends could prove to be a good investment in the face of declining Treasury yields.

We are convinced that BP p.l.c. British American Tobacco p.l.c. (BP). (BTI), and Petróleo Brasileiro S.A. – Petrobras (PBR) could be wise additions to one’s portfolio now for a steady stream of income.

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