5 Best High Yield Stocks To Buy Now

3. Centurylink Inc (NYSE: LUMN)

Dividend Yield: 8.18%

Payout Ratio: 84.03%

Louisiana-based CenturyLink, also known as Lumen Technologies, provides services and products for communications, network services, security, cloud solutions and voice. The Fortune 500 company has a vital role to play in the growing communications sector, as its key equipment for local and long-distance voice, Multi-Protocol Label Switching (MPLS), Cloud hosting, data center and integration is used worldwide.

Mason Hawkins’ Southeastern Asset Management is one of the 31 hedge funds tracked by Insider Monkey having stakes in LUMN at the end of the third quarter. The fund owns over 62 million shares of the company.