Disclaimer: This is not investment advice. Please consult with your financial planner before investing in any of the stocks discussed in this post.
Holding stocks that pay high dividends can add a source of income to your stock portfolio. The key to shortlisting high dividend yield stocks is to make sure that they are good businesses, earning profits consistently without the need to invest a lot of money back into the business. This is what makes their dividends sustainable.
But always keep in mind, investing in these stocks is NOT the same as investing in fixed deposits. Stock market investments carry risks. Just because a particular stock pays high dividends, it does not automatically become a good business. And if it indeed is not a business, paying dividends will become unsustainable for it and sooner or later it will have to stop paying. Worse still, stock prices of such companies will come down eventually leading to loss of capital. The message is, do your research!
This list is intended to get you started in your search for high dividend-paying companies.