On the prowl for dividend? Here are two high-yield stocks

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Summary

  • High-yield dividend stocks give higher returns compared to a specific equity benchmark.
  • The dividends earned on them can be further reinvested to make more gains.
  • However, investors should carefully choose such stocks after closely evaluating their fundamentals.

High-income investors generally remain in constant search for dividend shares to boost their income. These are the shares that generate a higher dividend yield compared to a specific benchmark. The dividends earned on such stocks are often reinvested by investors in the share market to make more money and keep the income steady. Here are a few attractive options for investors:

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Charter Hall Social Infrastructure REIT (ASX:CQE) 

The stock comes with a yield of 4.9% (on basis of current share price). The firm focuses on high quality social infrastructure assets.

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The market expects the dividend paying capacity of the real estate investment trust to grow further going ahead.

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In the last six months, the share has offered a return of 17.07%.  The stock has remained unchanged on the YTD basis. Charter Hall Social Infrastructure REIT competes with Goodman Group (ASX:GMG), Scentre Group (ASX:SCG), Stockland Corporation (ASX:SGP), Mirvac Group (ASX:MGR), and LendLease Group (ASX:LLC).

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Super Retail Group Ltd (ASX:SUL) 

The retail stock was one of the those few shares that performed positively during the coronavirus pandemic. The company posted a 23% rise in half year sales to A$1.78 billion in February. The underlying net profit after tax rose by 139% to A$177.1 million. The company is expected to provide 81 cents per share fully franked dividend for fiscal year 2021. The dividend yield of the stock is 6.8%.

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The share had a yield-to-date (YTD) return of 10.2%. Super Retail competes with Kogan.com (ASX:KGN), JB Hi-Fi (ASX:JBH) and Wesfarmers (ASX:WES) among others.

Source: © Kiosea39  | Megapixl.com 

However, investors are advised to evaluate the fundamentals of the stock closely before going for a buy.  Investors should also choose the stocks as per their risk-taking capacity. 

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