5 High-Yield Dividend Stocks to Enhance Your VYM Portfolio
The Vanguard High Yield Municipal Bond ETF (VYM) is a popular choice for investors seeking income from tax-exempt municipal bonds. However, to further enhance your portfolio’s yield and diversification, consider adding these five high-yield dividend stocks to your mix.
1. AT&T Inc. (T)
* Yield: 7.1%
* Dividend growth: 2.5% per year for the past 5 years
AT&T is a telecommunications giant with a strong financial position and a commitment to shareholder returns.
2. Verizon Communications Inc. (VZ)
* Yield: 6.2%
* Dividend growth: 2.3% per year for the past 5 years
Like AT&T, Verizon is a stable and reliable dividend payer in the telecommunications industry.
3. Lumen Technologies Inc. (LUMN)
* Yield: 9.3%
* Dividend growth: 0.5% per year for the past 5 years
Lumen Technologies provides fiber-optic communications and cloud storage services. While its dividend growth has been modest, its high yield offers attractive returns.
4. PPL Corporation (PPL)
* Yield: 5.8%
* Dividend growth: 4.5% per year for the past 5 years
PPL Corporation is an electric utility company with a consistent dividend payment history and a solid financial foundation.
5. Brookfield Infrastructure Partners L.P. (BIP)
* Yield: 4.7%
* Dividend growth: 5.5% per year for the past 5 years
Brookfield Infrastructure invests in essential infrastructure assets, such as utilities, transportation, and energy. Its diversified portfolio and strong dividend growth make it a valuable addition to any portfolio.
Conclusion
By incorporating these high-yield dividend stocks into your VYM portfolio, you can potentially increase your overall income stream, enhance your portfolio’s diversification, and capitalize on the stability and growth potential of these well-established companies.
Disclaimer: The information provided here is for educational purposes only and should not be considered investment advice. Consult a qualified financial advisor before making any investment decisions.
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