Stocks with high dividend yields were the best performers last decade, according to Bank of America.
note published Monday. The trailing 10-year performance of stocks with the biggest dividend yields ended last year at its highest level since 2001, according to Bank of America. The firm divided up the S&P 500 into deciles by factors to find the results.
This strategy is to blindly buy the stocks with the highest dividend yields in the market, a move that can lead investors into some of the very riskiest stocks. For example, the stock in the S&P 500 with the highest dividend yield at this time is troubled retailer Macy's, at 8.5%. The dividend yield is the dividend per share divided by the price per share. Macy's yield is so high because the stock price has plummeted.
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