5 High-Yield But Safe Dividend Stocks to Buy Now

In this article, we discuss 5 high-yield but safe dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and go directly to read 10 High-Yield But Safe Dividend Stocks to Buy Now. 

5. Camping World Holdings, Inc. (NYSE:CWH)

Dividend Yield as of July 22: 8.44%

Camping World Holdings, Inc. (NYSE:CWH) is an Illinois-based retail company that specializes in recreational vehicle parts and vehicle services. The company also sells supplies for camping.

At the end of Q1 2022, Camping World Holdings, Inc. (NYSE:CWH) had nearly $140 million available in cash and cash equivalents. The company’s total assets amounted to over $4.7 billion, up from $4.37 billion in the previous quarter. Its free cash flow also remained strong at $542 million and the dividend is protected by a 21% payout ratio. Camping World Holdings, Inc. (NYSE:CWH) offers a quarterly payout of $0.625 per share, raising it by 25% in February. In addition to this, the company also has a history of paying special dividends to shareholders. As of July 22, the stock’s dividend yield came in at 8.44%.

According to Insider Monkey’s database for Q1 2022, 16 hedge funds owned stakes in Camping World Holdings, Inc. (NYSE:CWH), with a collective value of nearly $360 million. In the previous quarter, 22 hedge funds held stakes in the company, worth $386.5 million. With over 5.1 million shares, Abrams Capital Management was the company’s leading shareholder in Q1.