If you’re looking for dividend-paying stocks among members of the S&P 500, finding a yield high enough to inspire a purchase can be extra challenging these days. The average dividend-paying stock in the benchmark index offers a paltry 1.39% yield.
If you have just $100 available to invest, you could buy shares of both Altria Group (NYSE: MO), and AT&T (NYSE: T). These S&P 500 stocks offer yields above 6% right now.
Image source: Getty Images.
When it comes to eye-popping dividend yields, investors need to remember they generally don’t reach 6% unless the market has concerns about their underlying businesses.
The past year hasn’t been easy for these well-advantaged businesses, but it seems the market has been too pessimistic about their ability to continue raising their payouts. Here’s why they look like good stocks to buy now and hold over the long run.
Altria Group
Altria Group is the…
