This story was originally published here.
Investors know adding high-yield dividend stocks to their portfolio is a great way to keep cash rolling in when the markets are volatile.
The problem is that the COVID-19 pandemic has hammered so many industries that finding companies with sustained dividends is difficult. A lot of formerly safe income sectors like banks, chemicals, REITs and oil and gas MLPs face the potential for dividend cuts if we get a second wave of the coronavirus.
But there is one sector of the economy that should hold up even if we see further economic damage. In fact, these companies are likely to see an increase in business if we see financial stress reappear anytime soon.
I am talking about sin stocks.
In good times and in bad, some people will smoke, drink, gamble, and otherwise carry on no matter what is happening in the world. When stressed, they will do more of these things. While perhaps bad news for them, it is fantastic news for us as dividend-starved investors.
It might be a little controversial to profit off of some of these products. But your financial wellbeing and retirement goals are too important to avoid these fat dividend payers. After all, someone is banking these profits.
Here are the three best dividend-paying stocks for these uncertain times…
Editor's Note: Click here to keep reading.
Thursday is the new payday opportunity (here’s how)
Dear Reader,
I don't work on Fridays.
I don't want to, and I don't need to.
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Sincerely,
Andrew Keene
Founder, Project 303
