These 3 Stocks Pay More Than 6%. Are Their Dividend Yields Too Good to Be True?

Did you know that if you have a reliable income stock that yields 6%, you would only need to invest about $16,700 in it to collect $1,000 in dividends over the course of a full year? The average stock on the S&P 500, meanwhile, yields just 1.2%, and it would take an investment of more than $83,000 to generate that same level of dividend income.That's a big part of why high-yielding stocks are so enticing to investors. But high-yielding stocks also sometimes come with significant risks. If a dividend payout isn't sustainable, then it may end up getting cut or suspended. And if that happens, the stock price can go into a tailspin as well. For investors, it becomes a double whammy: lost dividend income and a loss on the investment.Here's a closer look at three stocks that yield more than 6% right now. Let's see if Pfizer (NYSE: PFE), Verizon Communications (NYSE: VZ), and Altria Group (NYSE: MO) offer safe payouts you can rely on for the long term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool