For nearly a century, dividends have been a cornerstone of the financial market, contributing approximately 32% of the total return for the S&P 500 since 1926.
Over the last 50 years, many top growth and income stocks that were once setting the standard for their sector have toppled for one reason or another.
We decided to screen our 24/7 Wall St. penalty box list of large-cap stocks looking for companies that, for one reason or another, have been sent to the Wall Street woodshed and are languishing way below previous all-time highs. Five top companies hit our screens, paying stellar ultra-high-yield blue chip dividends. In addition, all five are rated Buy at top Wall Street firms.
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