5 High-Yield Dividend Stocks That Pay 5% and More to Buy Now and Hold Forever – 24/7 Wall St.

Investors looking for stable income in today’s volatile market may want to consider high-yield dividend stocks. These stocks not only provide a steady stream of income but also have the potential for capital appreciation over the long term. Here are five high-yield dividend stocks that currently pay 5% or more to buy now and hold forever.

1. AT&T (T): With a dividend yield of over 7%, AT&T is a solid choice for income investors. The telecommunications giant has a long history of paying dividends and is well-positioned to continue doing so in the future.

2. Exxon Mobil (XOM): Exxon Mobil is another high-yield dividend stock with a yield of around 6%. The oil and gas company has a strong balance sheet and a track record of increasing its dividend over time.

3. Verizon Communications (VZ): Verizon Communications offers a dividend yield of over 4%. The company is a leader in the telecommunications industry and has a solid business model that supports its ability to pay dividends.

4. AbbVie Inc. (ABBV): AbbVie is a pharmaceutical company with a dividend yield of around 5%. The company’s strong pipeline of drugs and stable cash flow make it a reliable dividend payer.

5. Altria Group (MO): Altria Group is a tobacco company with a dividend yield of over 8%. Despite concerns about the health risks associated with tobacco products, Altria has a loyal customer base and generates strong cash flow to support its dividend payments.

These high-yield dividend stocks offer investors the opportunity to earn a steady income while also benefiting from potential capital appreciation. By holding onto these stocks for the long term, investors can build a reliable source of passive income that can help them achieve their financial goals.