As we head into 2016, it's time to take a look at the best dividend stocks and the highest yielding dividend stocks. With the price of oil crashing back to $48, it's no surprise that some of the highest paying dividend stocks are in the energy sector. Just because these stocks have a high yield, doesn't mean they are safe. If oil drops even more, the dividend could be suspended or cancelled. For more dividend stock ideas, check out my 2016 Dividend Stocks page.
Right now the two highest paying dividend stocks are LINN and LNCO. While they yield almost 22% at the current stock prices, the companies can easily cut these dividends at any time.
Stick to safe energy stocks that pay a solid dividend, These stocks would be BP & COP.
The best performing dividend stock with a high yield year to date is Nordic American Tankers Limited (NAT). NAT stock is up 59% this year and will be paying 9.4% divided yield. Amazing!