Canada Markets open in 2 hrs 16 mins
  • S&P/TSX

    18,441.84
    -207.08 (-1.11%)
     
  • S&P 500

    3,640.47
    -78.57 (-2.11%)
     
  • DOW

    29,225.61
    -458.13 (-1.54%)
     
  • CAD/USD

    0.7289
    -0.0022 (-0.2945%)
     
  • CRUDE OIL

    81.61
    +0.38 (+0.47%)
     
  • BTC-CAD

    26,708.03
    -84.91 (-0.32%)
     
  • CMC Crypto 200

    445.02
    -0.96 (-0.22%)
     
  • GOLD FUTURES

    1,673.40
    +4.80 (+0.29%)
     
  • RUSSELL 2000

    1,674.93
    -40.31 (-2.35%)
     
  • 10-Yr Bond

    3.7470
    0.0000 (0.00%)
     
  • NASDAQ futures

    11,260.50
    +32.25 (+0.29%)
     
  • VOLATILITY

    31.39
    +1.21 (+4.01%)
     
  • FTSE

    6,909.12
    +27.53 (+0.40%)
     
  • NIKKEI 225

    25,937.21
    -484.84 (-1.83%)
     
  • CAD/EUR

    0.7462
    +0.0020 (+0.27%)
     

Buying These 2 Ultra-High-Yield Dividend Stocks On the Dip Is a No-Brainer

·4 min read

When stock prices drop, dividend yields rise, and that means gobbling up shares of dented dividend-paying stocks can be an incredibly lucrative step to take for your portfolio. In fact, if you can score a few shares of companies with ultra-high yields above 11%, there's a chance you'll be able to lock in potentially perpetual yearly gains that are above the market's long-term average annual growth of around 10%. To accomplish that, you'd need to pick the right stock, as many businesses with high dividend yields have serious problems or similarly compelling reasons for why they probably won't be able to keep paying their dividends out consistently over time.