In this article we are going to learn about the top 5 best high yield stocks to buy now, published by Insider Monkey recently. We can see lots of debates and questions regarding to the pros and cons of dividend investing. The reason is – a dividend is not free money, since it’s a transfer of money from a company to you. With an example, we could say that if a company’s value is $1,000 with 100 shares,and this company pays a dividend of $1 per share, the company is worth $900, as it pays $100 as dividend. The point of dividend investing is trade-off, as companies pay back its shareholders. Generally, those companies that offer dividend, are mature with little short-run growth prospects. Consequently, those companies don’t offer dividends that have extremely fast growth prospects.
And now without a further ado,let’s check out what Insider Monkey has investigated for you. We have brought up with two stocks, as usual. New York Community Bancorp, Inc. stands on the fourth spot, with a dividend yield of 6.52%, and payout ratio of 66.6%. New York Community Bancorp is among the biggest banks across the United States. It operates in commercial and multi-family loans in New York area. In the fourth quarter, NYCB posted its Q4 non-GAAP EPS of $0.27, beating the Street’s estimates by $0.01. Revenue in the period increased by over 24% to $322.95 million, above the consensus by $9.9 million. The top hedge fund holder is Ken Griffin’s Citadel Investment Group increasing its shares by 40% in the third quarter, ending the period with 11.28 million shares of the company. The fund owns 11.28 million shares of the company. Prudential Financial Inc is on the second spot with its 5.49% dividend yield, and 37.64% of payout ratio. Prudential Financial is located in New Jersey, and ranks 53 on the Fortune 500 list. It’s involved in investment management services, various financial products and insurance to retail and institutional customers across the United States and 40 countries. The company can boast with a respectable assets of $1.4 trillions. For more information and the entire article, please click and jump to the best high yield stocks to buy now.
