Finding high dividend stocks in 2017 isn’t difficult, but the key factor you should be looking for is security and safety of your investments. In this article I will discuss some of the best high dividend stocks to buy in 2017 which are safe and secure.
Omega Healthcare Investors Inc (NYSE:OHI) is a Maryland-based nursing services. The stock has over 7% of dividend yield. It is not only the high paying dividend stock of 2017, it is also one of the safest. The demand of nursing services is surging around the country and barriers to entry are tough as companies need certificates and permits to start offering medical and nursing services. The number of Americans aged above 65 are expected to more than double to over 98 million by 2060. This shows a very healthy growth potential of Omega Healthcare Investors.
Target Corporation (NYSE:TGT) is a retail dividend aristocrat, with a yield of over 4.7%. The company has increased its dividend for over 25 years. Target recently increased its dividend by 3%. For full fiscal 2017, Target expects adjusted earnings-per-share in a range of $3.80-$4.20, which coverts to dividend yield of $2.48 per share.
Independence Realty Trust
Independence Realty Trust Inc. (NYSE:IRT) is a real estate company that deals in rent-based properties. Experts are expecting a rise in rentable apartment buildings. The Pennsylvania-based company is in a good position to leverage this trend. The company pays a 6 cent monthly dividend. The stock has gained about 14% since the start of this year.
City Office REIT
City Office REIT Inc (NYSE:CIO) is another REIT stock with an exceptional potential of growth. The stock has a massive dividend yield of 7.5%. The company usually invests in office properties in middle to high class areas, where job growth is robust. Over half of City Office REIT’s properties are rented by government agencies. This means steady rent and safe cash flows.
Let’s shift away from real estate. If you are looking for a high dividend stock to buy in 2017 in the lucrative oil and gas industry, I’d recommend Chevron Corporation (NYSE:CVX), which is a dividend aristocrat. Chevron increased its dividend in 2017 for the 29th year in a row. The stock now has a dividend yield of 4.1%.
General Motors Company (NYSE:GM) is a high dividend stock of 2017, with a quarterly dividend of 38 cents per share, and a yield of 4.8%. The stock is loved by billionaire investor Warren Buffett, who acquired a massive stake in the automobile company back in 2012.