2 Ultra-High-Yield Dividend Stocks You Can Buy and Hold for a Decade

Core Viewpoint - Income investors can find attractive higher-yielding stocks like W.P. Carey and Bank of Nova Scotia, despite the low S&P 500 dividend yield of 1.3% [2] Group 1: W.P. Carey - W.P. Carey offers a 5.5% yield but recently cut its dividend due to a strategic exit from office properties, which constituted 16% of its rental income [3][4] - The dividend cut was a strategic decision to enhance long-term growth, and the company has returned to its normal cadence of quarterly dividend increases [5] - The exit from office properties has improved W.P. Carey's liquidity, providing cash for future investments and growth opportunities [5] Group 2: Bank of Nova Scotia - Bank of Nova Scotia has paused dividend growth for at least a year, indicating a business revamp rather than a dividend cut [6] - The bank is shifting its focus from Latin America to more desirable markets like Mexico and the U.S., which is expected to take several years [8] - Scotiabank has a 6% dividend yield and has paid dividends consistently since 1833, positioning itself as a stable investment option [9]