The S&P 500 Is at All-Time Highs, and These 3 Stocks Are Still High-Yield Buys
Enbridge(ENB) The Motley Fool·2024-06-04 22:00
These companies still offer compelling yields despite the market's continued rally. The S&P 500 has enjoyed a nearly unrelenting rally over the past year. It's up nearly 10% in 2024 and has surged almost 24% over the past 12 months. That has the broad-market index routinely setting new all-time highs. The S&P 500's rally also has it trading at a high-valuation multiple (more than 20 times its price-to-earnings (P/E) ratio) and low-dividend yield (around 1.3%), making it harder to find values and compelling ...