Should You Buy the 3 Highest-Paying Dividend Stocks in the Nasdaq-100?
It can be hard to find good dividend stocks without taking some short cuts as you create a list of investment candidates. For example, you might just pick out the highest-yielding stocks from an index like the Nasdaq-100 as you start your research. Although this index is heavily oriented toward technology, the three top yielders hail from outside that industry.
The trio includes pharmacy chain Walgreens (NASDAQ: WBA), consumer staples maker Kraft Heinz (NASDAQ: KHC), and energy producer Diamondback Energy (NASDAQ: FANG). Each has a yield soundly above 4%. But don't just buy these companies blindly; in fact, only one seems to have a story that a long-term dividend investor might find compelling.
When Walgreens released its fiscal 2924 first-quarter earnings results, it also announced that it would be reducing its dividend by 48% to $0.25 per share per quarter. The dividend yield based on the new, lower payment is roughly 4.8%, still high enough to place it atop the Nasdaq-100. But a dividend cut is usually not good news, and that's decidedly the case with regard to Walgreens.
Source Fool.com
Diamondback Energy Stock
The stock is one of the favorites of our community with 51 Buy predictions and 2 Sell predictions.
With a current price of 183.34 € Diamondback Energy is right around the predicted target price of 185 €.